Hello Investors,
We are making a minor adjustment to our QQQ position. We sold the Sep 4th (Weekly) 290.00 strike puts against our long October puts owned. We collected a credit of +0.58 per contract. This will pay us a little income. If the markets cascade lower through tomorrow then the adjustment is not ideal. If we fall but settle around 290 or any higher price then we bought in a little extra income.
Have a great day!