[Closing Short Leg of Puts on QQQQ]
Dear Member:
The Q's are falling today, perhaps in further reaction to guru Greenspan. My short Jun 45 position is profitable so I am placing an order to buy to close that leg at a limit of 30 cents. If filled, I will realize a before commission profit of 31.8% on that leg.
DISCLOSURE: At the time of publication, I am short the Jun 45 puts and long the Sept 44 puts on QQQQ.
Sincerely,
Bill Kraft
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