[Entering Put Position on QQQQ]
Dear Member:
The Nasdaq 100 Tracking Stock (QQQQ)has fallen below a minor price support and is below the 50 day exponential moving average. It looks like it could continue to drop to me. I am placing an order to buy the Jan 45 puts (QQQMS)at a limit of $1.78. The current delta is about -.305.
DISCLOSURE: I currently own another long put position on QQQQ.
Sincerely,
Bill Kraft
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