Hello Traders,
A final trade adjustment in our QQQ trade. If this works out as expected, then it will bring some value back into our accounts. If it doesn’t then we will stop-out and be out of the QQQ trade. We are currently at -$250.00 overall in the trade and only willing to risk up to -$450.00 max.
We rolled up our long put strike and discussed the risk, reward, probability of this adjustment.
Sold to close: QQQ Jan 15th (monthly) 285.00 strike puts
Buy to open: QQQ Jan 15th (monthly) 305.00 strike puts
Debit: 5.38
We will have two classes next week due to options expiration Friday.
Have a great week!