We have exited our short-term trade in QQQ. Today was quite important for this trade with expiration on Friday. Sell to close: QQQ Feb 20th (monthly) 595.00 strike put (ratio of 1)
Buy to close: QQQ Feb 20th (monthly) 585.00 strike put (ratio of 2)
Sell to close: QQQ Feb 20th (monthly) 575.00 strike put (ratio of 1)
Credit: 0.52
Loss of -0.35 or -$35.00 in the trade.We also closed our SLV put butterfly. If the moves aren’t breaking lower, then the targeted aspect won’t work out as expected.
Sell to close: SLV Mar 20th (monthly) 65.00 strike put (ratio of 1)
Buy to close: SLV Mar 20th (monthly) 55.00 strike put (ratio of 2)
Sell to close: SLV Mar 20th (monthly) 45.00 strike put (ratio of 1)
Credit: 1.65
Loss of -0.35 or -$35.00 in the trade.