Hello Investors,
Today we had a discussion about delta hedging. This is a very timely discussion because we feel that it is needed in our QQQ trade. This adjustment reduces some risk of the market going higher. At this point, we aren’t so much trying to make money with the current QQQ position. We are trying to manage and reduce our risks.
We bought 25 shares of QQQ @293.88 which we will NOT be holding long-term and is only a hedge until this Friday’s expiration.
We sold our 10 shares owned of PINS @44.14. This was a position we bought with the profits from a prior trade. We feel that it has run its course overall.
We will meet again on Friday morning at 10:00 a.m. ET.
Have a great week!