[Creating Spread against QQQQ Puts]
Dear Member:
With the Q's moving back up this morning, I am placing an order to create a spread against my long Sept 44 put (QQQUR) position. I am placing an order to sell to open the Jul 46 puts (QQQST) at a limit of $0.51 for the day. If filled, this will bring in some income and reduce the risk in the long position.
DISCLOSURE: At the time of publication, I own the Sept 44 puts on QQQQ.
Sincerely,
Bill Kraft
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