Today we're going to sell our position in the Invesco QQQ Trust Series 1 (QQQ) for about a 25% gain.
Action to Take: Sell to close the QQQ March 15 $390 Puts at market prices.
As always, keep an eye on your inbox for the next opportunity.
Regards,
Larry Benedict Editor, One Ticker Trader
P.S. If you have any questions about the markets, trading options, or my proprietary approach to trading, please send them in to feedback@opportunistictrader.com.
Training Resources
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Before you place this trade, please review our position sizing guidelines below…
If you’re new to options or have a small account ($10k or less), we recommend purchasing just one option contract per trade recommendation.
We always suggest that you start with one contract per trade recommendation and only consider increasing your regular position size once you’re comfortable with the risks involved with trading options. Regardless, we advise trading the same number of contracts for each recommendation.
And we recommend all traders follow our buy-up-to price recommendations and do NOT chase prices higher as that can affect your potential returns.
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