Stock / Symbol: PowerShares QQQ / QQQ
Option Strategy: [private_monthly]Double Calendar[/private_monthly]
Trade entry date / price: 20 Jan / $100.82
Price at trade post: $103.05
Reasoning: Our short calls and puts expired worthless on Friday, allowing us to collect their full premiums. Up slightly on the call portion of the trade, so I'm closing that out here. Going to wait a day or two to see if we get a market pullback. If so, the put portion of the trade will be in play.
Trade Details:[private_monthly]
STC 2 QQQ Mar15 106 calls
for a min net credit of $0.80 per contract (day order, limit order). The mid is currently at $0.86. Try for the mid -0.01.
Max Risk: $272 (adjusted down from $350)
Max Reward: unlimited
Profit Range: [/private_monthly]less than $93.50 by Mar 20th
Suggested Upside stop: NA
Suggested Downside stop: NA
Non-members, click here for access
