New Trade (QQQ) for 5/17/2017

2:25pm (EST)

I have a New Trade to play continued weakness in Tech.
PowerShares QQQ ETF (QQQ, $137.02, up $2.60)

Buy to Open QQQ June 132 puts (QQQ170616P00132000, $0.75, up $0.45)

Action: I like these put options at current levels and you can use a Limit Order up to 90 cents to get the best fills. These are the QQQ June 132 put options that expire on June 16th, 2017. I will provide the parameters of the trade in tomorrow’s Pre-Market update.