[Rolling Puts on QQQQ]
Dear Member:
QQQQ has bounced down off the downtrend line that began in July and for the short to medium term looks bearish to me. I am still holding the Sept 44 puts (QQQUR) and want to roll them out to the Jan expiration and up to the 45 strike price. I am placing an order simultaneously to sell to close the Sept 44 puts (QQQUR) and buy to open the Jan 45 puts (QQQMS) for a net debit at a limit of $1.36.
DISCLOSURE: At the time of publication, I own the Sept 44 puts on QQQQ.
Sincerely,
Bill Kraft
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