Sold 2 contracts QIDIS for $2.80 to rake in about $560.00. Note that I sold the $45 strikes and NOT the $47 strikes. I’ve been trying to unwind my QID position for a while even though it’s been profitable primarily to shore up capital to buy SSO or DDM dirt cheap but if QID drops again below $45 then I will have reaped some extra profit and will keep selling QID calls. If QID stays above $45 at September expiry then I’ll still earn $0.95 ($190) in profits and revert to cash position as my position is assigned.
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