I closed QQQ Jul 36 Puts at 0.65 for a small profit as it gapped down today. The volume was about average. No panic selling. Holding ATM/OTM front-month puts won’t make too much sense when approaching expiration.
I also closed Jul 20 Puts at 0.50 at breakeven point. I still keep Aug 22.5 Puts as RHAT may retest critical support at 20. As it’s in oversold condition, buying interests are plenty as seen when it was bouncing back from the gap down.
I closed QQQ Jul 36 Puts at 0.65 for a small profit as it gapped down today. The volume was about average. No panic selling. Holding ATM/OTM front-month puts won’t make too much sense when approaching expiration.
I also closed Jul 20 Puts at 0.50 at breakeven point. I still keep Aug 22.5 Puts as RHAT may retest critical support at 20. As it’s in oversold condition, buying interests are plenty as seen when it was bouncing back from the gap down.
NDX is in oversold condition. The major support is at 1350. For QQQ, the support is 34. SPX support is 1075 and INDU is 10000.