Hello Investors,
We are removing our QQQ trade today. We originally entered this position pre-election. The trade hasn’t gone as planned but we are able to exit for near breakeven overall. Part of the reason for an exit, is that we feel we would already be served better if the market pulled back (for the sake of some covered calls). So, we don’t need the hedge and the markets are seasonally bullish. We will consider a new idea next week.
Sell to close: QQQ Jan 15th (monthly) 305.00 strike puts
Buy to close: QQQ Dec 18th (monthly) 285.00 strike puts
Credit: 11.10
Have a great weekend!