Hello Investors,
Only one trade today but importantly this will be a “day order” only. If this order does not get filled at our desired entry price today, then we want to cancel the idea. This is a pre-election trade. While there is likely to be a volatile reaction to the election results. We anticipate the initial move will fade and expect a relatively sideways move overall for the week. The trade is a calendar spread in QQQ.
Buy to open: QQQ Jan 15th, 2021 (monthly) 275.00 strike puts
Sell to open: QQQ Nov 6th, 2020 (weekly) 275.00 strike puts
Limit debit: 10.65
This is a DAY ORDER ONLY!!!
Have a great week!