ACTION:

Buy to open the QQQ November 115 puts (QQQ161118P00115000) for a maximum price of $1.20.

Dear Momentum Options Subscriber,

I have a New Trade for the portfolio this morning that I want us to get into ahead of the Mid-Market Update.

 

PowerShares QQQ Trust (QQQ, $118.19, down $0.19)

Buy to open the QQQ November 115 puts (QQQ161118P00115000) for a maximum price of $1.20.

Action: I like these put options at current levels, and you can use a Limit Order up to $1.20 to get the best fills.

These are the regular monthly options that expire on Nov. 18. I will provide the parameters of the trade in today’s Mid-Market Update.

qqq

I hereby disclose that I will be participating in the aforementioned trade(s).

Trade on!

Rick Rouse
Editor and Chief Options Strategist
Momentum Options