[Selling QQQQ Puts to Close/Selling Mar 39 Puts (QQQOM)to Close Last Leg/Day Order/Limit $0.40]
Dear Member,
I have decided to close the last leg of my QQQQ March strangle by selling my Mar 39 Puts (QQQOM) at a limit of $0.40 for the day. As you will recall, I sold the call leg last week making the whole trade profitable. I am now attempting to add $0.40 a share to that profit. If filled, and after my commissions, this will result in an overall return of 14.8% on the intial risk in slightly more than two months.
DISCLOSURE: At the time of publication, I own the Mar 39 Puts on QQQQ.
Sincerely,
Bill Kraft for
CutLoss, Inc.
|
