[Selling QQQQ Puts to Close/Selling Dec 36 Puts (QQQXJ)/Day Order/Limit $1.50]
Dear Member:
The markets are moving up right now so I am going to close the rest of my Dec 36 Puts (QQQXJ) on QQQQ. I am placing an order to sell my QQQXJ at a limit of $1.50. That will represent a before commission profit of only 10 cents, but remember, I sold the other half last week for 35 cents a share gain so my average will be + $0.225.
DISCLOSURE: At the time of publication, I own Dec 36 puts on QQQQ.
Sincerely,
Bill Kraft
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