Opened QQQQ bull call spread

I've opened a bull call spread on QQQQ. The trade was entered during regular market house but cleared in after-hours trading.

The vertical options spread, which trades for the last time on May 2, is set up as long the $49 calls and short the $51 calls.


It closed with the stock trading at $49.87. The position breaks even at $50.07 and is profitable above that price. The maximum profit is 93¢ per share, the max loss is $1.07 per share -- a 1:1.15 reward/risk ratio.

Here's the analysis from earlier today that prompted the trade.


Tim Bovee, Private Trader tracks my trades for my own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.

No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decision decisions for his or her own account, and take responsibility for the consequences.


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