Hello Investors,
Well we have to admit to a mistake in selling the QQQ short-term puts. We took away some of our profit potential. We will lock-in profits on the entire spread today.
Sell to close: QQQ Oct 16th (monthly) 295.00 strike puts
Buy to close: QQQ Sep 4th (weekly) 290.00 strike puts
Filled at 14.65 credit.
We have an 11.65 cost basis so we locked-in a profit of +3.00 or +$300 in the trade. Our naked calls are looking perfect as well!
Have a great day!