[Creating Bullish Put Spread on QQQQ]
Dear Member:
As the Q's continue showing strength, I am going to try to create another spread position against my existing Sept 44 put (QQQUR) position. I am placing a day order to sell to open the Jun 45 puts (QQQRS) at a limit of 43 cents. If filled, this will reduce my overall risk and bring in some income at the same time.
DISCLOSURE: At the time of publication, I own the Sept 44 puts on QQQQ.
Sincerely,
Bill Kraft
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