Option Investor
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QQQQ - TIME TO ROLL

HAVING TROUBLE PRINTING?
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Just got back from the Denver CPTI Seminar. Great group of people.

With the QQQQs at about $38.05 it seems like a good time to roll out to the November cycles.

Sell 10 QQQQ Nov. $37 puts at $.30 ($300)
Previously bought back the Oct. $37 puts at $.05
Credit of $.25 ($250)

Buy back 10 QQQQ Oct. $37 calls at $1.15
Sell 10 QQQQ Nov. $37 puts at $1.50
Credit of $.35 ($350)

Total net rollout credit of $.60 ($600). Our current position is now short the Nov. $37 puts and $37 calls.

Take care and trade smart!!

Mike

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