Next week marks the end of the September 16, 2002 expiration cycle so make sure to sign up for our monthly subscriber-exclusive webinar next Wednesday, September 14 at noon ET. I will be going over prior trades, current trades, potential trades and the outlook for the October expiration cycle. I’ll also answer any options-related questions. I look forward to seeing you all there.
We just placed our QQQ bull put spread two days ago, but with 42 days left until expiration and the ability to lock in over 50% of the original premium sold I intend on taking off the trade and establishing a few new trades over the coming days, possibly even later today.
If you do choose to hold on please be aware of the risks and please don’t allow yourself to turn a winner into a loser by trying to eke out further gains.
The Trade
Simultaneously:
Buy to close QQQ October 21, 2022, 260 put strike
Sell to close QQQ October 21, 2022, 255 put strike for a total of $0.30 (As always, the price of spread will vary, so please adjust accordingly.)
If you have any questions, please do not hesitate to email me at andy@cabotwealth.com.