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QQQQ STRANGLE UPDATE

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QQQQ STRANGLE ADJUSTMENT Good Morning Team,

Well, it appears that today is as good a day as any to roll out our short QQQQ $37 call option from June to July (if you have the QQQQ ITM Strangle position).

So, we're going to buy to close our 10 June QQQQ $37 calls and sell to open 10 July QQQQ $37 calls for a credit limit of $.35 ($350). If you have to settle for $.30, it's OK.

I'm going to wait to sell the July put for awhile. I'm looking at possibly selling the $37 puts. I'll keep you posted.

Have fun and trade smart!

Mike

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