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.
I hereby disclose that I will be participating in the aforementioned trade(s).
Trade on!
Rick Rouse
Editor and Chief Options Strategist
Momentum Options