Closing Trade : QQQ

Stock / Symbol: PowerShares QQQ / QQQ;
Option Strategy: Diagonal put spread

Trade entry date / price: Aug 28 / $105.20
Price at this post: $101.05

Reasoning: I'm entering in a GTC order to close the position with the goal of catching QQQ trading a bit lower than it did today.

Closing Trade Details:[private_monthly]

STC 1 QQQ Oct15 105 put
BTC -1 QQQ SepWk1 100 put
for a min net credit of $5.75 per contract (GTC, limit order). The mid is currently at $5.12
[/private_monthly]

Max Risk: $355 (adjusted down from $415)
Max Reward: $300 at [private_monthly]$100 (at current volatility)[/private_monthly] by Sep 4th
Profit Range: under $105.40 by Sep 4th
Suggested Upside stop: $106.30
Suggested Downside stop: NA
Profit / Loss upon fill: $220 or 62% (pre-commission)

Non-members, click here for access

Positive Theta