This is a good day! I just locked in more profit with the selling of a 1 contract Call with QQQ. I bought this position on 5/16/24 and sold it today, 1 month later. This was a position I planned on holding long term; it had an Expiration Date of June 2025, but with a nice profit in the month I decided to sell and lock in profit.
5/16/24 – Buy to Open 1 QQQ 6/20/25 $450.00 C @ $50.60
6/17/24 – Sell to Close 1 QQQ 6/20/25 $450.00 C @ $71.00
Profit +$2040
This is a 40% return in 1 month. I will be back into another QQQ position within a few days.
Successful trading,
Steve
The Options Coach