On July 20th https://www.theoptionplayer.com/ executed a Nasdaq 100 Index ETF (NasdaqGM: QQQ) August 17th expiration (29-day) option trade. August expiration option contracts expire today and we plan on letting all the call options expire worthless with the maximum profit. Confirmation information is displayed in the tables below. Login with a Premium Subscription to view data/images
The chart below confirms the Nasdaq 100 Index ETF remains below our $186 sold call. The difference between funds received and paid out is an approx. 18% profit.
The Nasdaq 100 Index ETF (NasdaqGM: QQQ) is currently trading below our sold call. If the QQQ ETF remains below $184 we plan on allowing all the contracts to expire worthless.
• However, if the price moves higher, we will initiate an order to close out the position (buy back all the sold call option contracts).
• Most brokers will let customers initiate some type of contingency order that will automatically execute if an ETF reaches a specified price.
• One alternative is to just play it safe and close out the trade at the current price.
Whatever you decide DO NOT let the ETF end the day above the sold call at the close of trading today; otherwise you will be automatically assigned by the broker over the weekend.
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