I just entered this trade. QQQ 56P / 57C strangle - Live trade in progress. QQQ @ $56.74 Buy QQQ Jul 2011 56.00 Put @ $0.2672 http://finance.yahoo.com/q?s=QQQ110805P00056000 Buy QQQ Jul 2011 57.00 Call @ $0.3572 http://finance.yahoo.com/q?s=QQQ110805C00057000 Total debt $62.44 commissions included. Last day of trading August 05, 2011. Will update when I close position.
UPDATE - POSITION CLOSED Sold the QQQ Aug 2011 56.00 Put @ $0.63 http://finance.yahoo.com/q?s=QQQ110805P00056000 Sold the QQQ Aug 2011 57.00 Call @ $0.12 http://finance.yahoo.com/q?s=QQQ110805C00057000 P/L $9.81 / + 15% commissions included. EDIT: Typo in the quoted post. July should be August.
Are you aware there are both weekly and monthly QQQ options and bit have high volumes? Probably what you are looking for...please research this
Not me. I make my money in 99% of market conditions, I don't need to be selling premium after a 3-sigma move in equities last week + S&P downgrade + potential Euro collapse. I'm waaaaaay on the sidelines. I'm in the stands selling peanuts.