[Closing Position in QQQQ]
Dear Member:
There is profit in my position in the Jan 45 puts (QQQMS) and with this mornings news concerning the fed move on interest rates, I am no longer as bearish. I am placing an order to sell to close my position at a limit of $2.08. If it is filled, this position will have enjoyed a profit of 11.8%; if it does not get filled today, I can revisit later and again consider selling other strikes against the position.
DISCLOSURE: At the time of publication, I own puts on QQQQ.
Sincerely,
Bill Kraft
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