[Closing Short Leg of QQQQ Spread]
Dear Member:
With the not so great news on GDP, the markets are down a bit. I already have some profit in the short leg of my QQQQ spread so I am placing an order to buy to close the May 45 puts (QQQQS)at a limit of $0.24. If filled, that will realize a 38% profit on that leg before commission since Tuesday.
DISCLOSURE: At the time of publication, I am long the Sept 44 puts and short the May 45 puts on QQQQ.
Sincerely,
Bill Kraft
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