[Selling Half My Puts on QQQQ/Selling to Close Dec 37 Puts (QQQXK)/Day Order/Limit $1.45]
Dear Member:
I can't be sure whether the downdraft has ended or not on the Nasdaq, so I am going to try to take profit on half my Dec 37 put (QQQXK) position by placing an order to sell the Dec 37 Puts (QQQXK) at a limit of $1.45 or better for the day. If filled, that would represent a 20.8% gain before commission in a week on those that were closed.
DISCLOSURE: At the time of publication I own puts on QQQQ and am short QQQQ stock.
Sincerely,
Bill Kraft
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