Sold The QQQQ Puts Locked In 34%

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June 6, 2007

I sold the QQQQ puts that I bought near the close yesterday for 34% gain this morning. I actually missed out on some of the move as the NDX just cracked the lows. There is a chance we can see some significant selling, but not sure just yet.

Those June 48′s are paying nicely. 18.5% yesterday and 34% today.


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  • http://stocklogic.blogspot.com iio

    Nice trade. I wish I had taken the profit on mine. I bought (and still own) some QQQQ Jul 44 puts from about 2 weeks ago, right before the nasdaq dropped 50 points. Now I’m just back to break even.

  • http://stocklogic.blogspot.com iio

    Nice trade. I wish I had taken the profit on mine. I bought (and still own) some QQQQ Jul 44 puts from about 2 weeks ago, right before the nasdaq dropped 50 points. Now I’m just back to break even.