UpMarket Sep 14 : QQQ Trade
Rationale
We have a few potential trades. Went through the possibilities list and selected the one I felt more comfortable with taking a position. Looking at the tickers, FXI - With the stress on the Chinese market, I would stay away from FXI. We want to write insurance when things are calm. XLF - Not ready to short the financial market ... yet. Maybe in a few days. AAPL and QQQ look like good trades, finally chose QQQ.
Trade
Underlying : QQQ Invesco QQQ Trust
Option Spread : Bull Put Spread
Days to expiration 10d
Option to Sell SEP 24 365 Put
Option to buy. SEP 24 364 Put
Income $9
Capital $100
Notes
Disclaimer
Simple Disclaimer: Trading is not for everyone, and you can lose a lot of money faster than you can imagine. Don’t trade with any money you cannot afford to use. Some or all of the trades posted here, I may or may not have taken. If you really want to know, ask me.