TRADE ALERT: Close QQQ Calendar

Let’s continue to book more profits today. Big tech companies are reporting earnings this week and there is a good chance a number of them will miss or guide lower, and that could impact our QQQ calendar spread. Better safe than sorry with a profit in our account. Let’s close our QQQ calendar position today for a net profit in the $1,400 to $1,500 range.

 

We will re-open a new position either this Friday or next Monday after most of the big tech companies report earnings.

 

TRADE CLOSE

 

Invesco QQQ Trust ETF (QQQ):  312.36

 

TRADE:  CLOSE the QQQ calendar spread for a net credit of around 5.65 to 5.85 (work the order)

BTC the QQQ 28 Apr 316 put

STC the QQQ 16 Jun 316 put

 

Master Portfolio:  6 contracts