Filled at $.76 on QQQ 16 NOV 169.5/167.5 Bull Put Spread while underlying was $169.32
The market is bouncing back hard and buying pressure is moving GOOG up after worse then expected earnings. AMZN is also at highs. This is not what happens during bear markets i institutions showing strong interest in stocks. Let’s take advantage of this correction and initiate a Bull Put Spread on QQQ ETF.
Ticker Symbol: QQQ
Expiration: November 16, 2018
Initiate Bull Put Spread
Sell to Open the 169.5 Put
Buy to Open the 167.5 Put
Look for a CREDIT of $.70 or higher TODAY ONLY (midprice is currently trading at/near $.75 right now).