TheOptionPlayer.com executed a Nasdaq 100 Index ETF (NasdaqGM QQQ) September 21st expiration (36-day) option strategy. Confirmation information is displayed directly below. Login in as a Premium Subscriber to view data/images
The difference between funds received and paid out is an approx. 24% return if the Nasdaq 100 Index ETF closes below the target price on expiration day.
Why we recommend it:
• As confirmed in the chart below, similar to the other major equity indexes the Nasdaq 100 Index ETF (NasdaqGM: QQQ) is trading just below all-time highs.
• The Nasdaq 100 Index has been confined to a trading range over the past few months.
• Technology stocks got a boost going into quarterly earnings announcements but momentum dissipated as investors “sold the news”
• If the current trend continues it will be difficult for the QQQ ETF make a series of new all-time highs to close above our short call on the September option expiration date.
52-Week High: $182.93
52-Week Low: $140.18