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Commentary Topic from greenfaucet

Trading the Q's (Nasdaq 100) With Precision

The Powershares Nasdaq 100 Trust (Nasdaq: QQQQ) is a highly liquid, very popular ETF with actively traded options. But for traders who want to implement an options strategy on the Nasdaq 100 with any precision, QQQQ may not be the optimal product. Assume you are trading a strategy that includes the following rule: When the 14-day Relative Strength Index (RSI) closes below 30, sell a put with a delta of -20 in the nearest cycle with at least 14 days until expiration.