[Selling to Close Remainder of Puts on QQQQ/Sell to Close Dec 37 Puts (QQQXK)/Day Order/Limit $1.20]
Dear Member:
With the little bounce in the market, I'm going to try to sell the rest of my Dec 37 Puts (QQQXK) on QQQQ at a limit of $1.20. If filled, that will close out my whole put position with a profit of about 12.5 cents or a return of 10.4% before commission in 8 days.
DISCLOSURE: At the time of publication, I own Dec 37 puts on QQQQ.
Sincerely,
Bill Kraft
|
