Stay Updated!

Sign-up for free email updates!

Posted by Brandt Hackney


Publisher of Trade-Guild.net & member site Wolf on Wall Street, equities/options trader 13 yrs., 4 yrs teaching, won multiple awards for trading & indicators.

Closed December QQQ Puts

by Brandt Hackney on December 12, 2014

in Options, Stocks, Technical Analysis

This is our most recent trade @ Wolf on Wall Street, just closed this morning, not because of bigger picture considerations, but shorter term option related concerns.

Friday, December 12, 2014

QQQ PUT P/L

The December 20th (monthly) QQQ $105 Puts that were just closed were opened November 26th.

With the Q’s moving to fill the gap and toward the support level I mentioned last night and this morning, there’s no use at all in sitting in a choppy zone for another day while the time decay eats away at the gains in those puts, I can always re-open a longer dated expiration/new position.

The P/L was as follows with the entry at $1.19

And the exit at $2.70

Making for about a +127% gain on the position, again it would have just been eaten away in another day of lateral chop with a max pain pin likely.

ALL core short positions are still open.


The December 20th (monthly) QQQ $105 Puts that were just closed were opened November 26th.

With the Q’s moving to fill the gap and toward the support level I mentioned last night and this morning, there’s no use at all in sitting in a choppy zone for another day while the time decay eats away at the gains in those puts, I can always re-open a longer dated expiration/new position.

The P/L was as follows with the entry at $1.19

And the exit at $2.70

Making for about a +127% gain on the position, again it would have just been eaten away in another day of lateral chop with a max pain pin likely.

ALL core short positions are still open.


Previous post:

Next post: