Small Account Trader PRO Alert: Close QQQ Trade

Editor’s Note: We have rescheduled this Friday’s Live Trading Session to Thursday (3/16) at the same 10:30 AM Eastern time. We will take this time for a brief review as well as live trading. You are already registered for the session and you will get email reminders from zoom about the new date. See you this Thursday (3/14) at 10:30 AM Eastern.

 

We’re sitting on profits from our QQQ calendar trade. We opened the trade for a 6.38 debit and can close it for around an 8.30 credit and a 1.92 profit. Let’s close this position today and we will re-set this trade Thursday in class.

 

TRADE CLOSE

 

Invesco QQQ Trust ETF (ETF): 296.85

 

ACTION:  CLOSE the QQQ 19 May 295 put / 17 Mar 295 put for a net credit of around 8.30 to 8.40

BTC the QQQ 17 Mar 295 put

STC the QQQ 19 May 295 put

 

Master Portfolio:  6 contracts