Hello Investors,
We took a more aggressive bearish trade today. The naked call is one of the most aggressive (risky) strategies in the market. So, it is critical that one understand how to hedge, adjust and manage risk.
Sold to open: QQQ Sep 25th (weekly) 276.00 strike calls
Credit: 1.07
In addition, we have a nice setup in ABBV hitting a bollinger band buy setup on the weekly chart. This is a nice place to add to our existing stock position and we bought 50 more shares today at 88.38 per share.
Have a great week!