[Selling to Close Puts on QQQQ/Sell to Close Dec 40 Puts (QQQXN)/Day Order/Limit $2.30]
Dear Member:
The downward move on the Nasdaq has stalled for the time being so I am going to try to take the profit on my Dec 40 puts (QQQXN) on QQQQ by placing a day order to sell to close the Dec 40 puts (QQQXN)at a limit of $2.30. If filled, that would represent a two week return of 58.6% before commission.
DISCLOSURE: At the time of publication, I own the Dec 40 puts on QQQQ.
Sincerely,
Bill Kraft
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