We have added a new short-term trade in QQQ as follows:
Sold short: QQQ 30 shares at 377.27
Buy to cover stop-loss above at 383.54 gtc (good til canceled order)We rolled out our SNOW c.c. because nearly all of its value has been realized (bought back Sep for 0.01). We attempted to buy the Sep lower than 220 strike calls for 0.01 but couldn’t get filled (would have given us a small chance at a crazy win). In other words, if buying an option for 0.01, it is always best to buy the lowest strike you can get for 0.01. In this case, it was only our strike price (220) that was possible.
Buy to close: SNOW Sep 15th (monthly) 220.00 strike call (only closing this because it will remove the “naked” risk and only costs 0.01 per contract).
Sold to open: SNOW Nov 17th (monthly) 200.00 strike call
Credit: 1.78