Hello Investors,
Today we are removing a big piece of our QQQ position. This will simplify and we expect it to reduce risk. The only leg we are leaving in place is one of the short 290 calls. We are closing the 288 puts and 288 calls entirely and have of the 290 calls. The details are as follows:
Buy to close: QQQ Oct 16th (monthly) 288.00 strike puts (ratio of 1 or all contracts)
Sell to close: QQQ Oct 16th (monthly) 288.00 strike calls (ratio of 1 or all contracts)
Buy to close: QQQ Oct 16th (monthly) 290.00 strike calls (ratio of 1 or 1/2 of all contracts)
Limit debit: 1.05
This will leave us with only a naked call at the 290 strike price into tomorrows expiration.
We will have a live class tomorrow at 10:00 a.m. E.T.
See you then!