Stock / Symbol: PowerShares QQQ / QQQ
Option Strategy: [private_monthly]double diagonal[/private_monthly]
Price at trade entry: $63.73
Price at this post: $64.80
Current Position:[private_monthly]
Long 4 QQQ DecWk4 70 calls
Short -4 QQQ Dec12 67 calls
[/private_monthly]
Update: I bought back the put spread portion of this trade today for a net debit of $0.05, giving a net gain of $0.19 on the spread. You can either try to close out the put spread as well for $0.05 or less (or) attempt to close the entire trade for a max debit of $0.09.
Trade Adjustment Details:[private_monthly]
STC 4 QQQ DecWk4 58 puts
BTC -4 QQQ Dec12 61 puts
for a max net debit of $0.05 per contract (GTC order, limit order).
(or)
Closing Trade Details:
STC 4 QQQ DecWk4 70 calls
BTC -4 QQQ Dec12 67 calls
STC 4 QQQ DecWk4 58 puts
BTC -4 QQQ Dec12 61 puts
for a max net debit of $0.09 per contract (GTC order, limit order).
[/private_monthly]
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