[Creating Spread Against QQQQ Puts]
Dear Member:
The Nasdaq currently remains in a strong uptrend. I am still long the Jan 45 puts as a partial hedge so I want to reduce risk in that position and bring in some more income as I have done before. I am placing an order to sell to open the Nov 51 puts (QQQMY) at a limit of $1.29.
DISCLOSURE: At the time of publication, I own Jan 45 puts on QQQQ.
Sincerely,
Bill Kraft
|
