Closing Trade : QQQ

Stock / Symbol: PowerShares QQQ / QQQ
Option Strategy: Double Calendar

Trade entry date / price: May 7 / $107.01
Price at this post: $112.70

Reasoning: Selling the long call. Long put will expire worthless today.

Closing Trade Details:
STC 1 QQQ Jul15 112 call

for a min net credit of $0.65 per contract (day order, limit order). The mid is currently at $0.78.

Max Risk: $170 (reduced from $325)
Max Reward: unlimited under 101.70 by Jun 19th
Profit Range:$0 to $101.70 by Jun 19th
Suggested Upside stop: @ $112
Suggested Downside stop: NA
Realized Profit / Loss: ($95) or -56% (pre-commission)

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Positive Theta