Skip to main content
No. of Recommendations: 1
I started paper trading options through TOS to try different strategies and get a feel for how options trading works . . . without burning through my money. I have several open trades but the first one I "need" to take action on is the following:

I have a QQQQ March 07 43/45 bull call spread. The QQQQ closed yesterday at $44.86. With one month to go until expiration and time decay lurking, what is the favored strategy to close this position? Hold out a few days for $45, close it today, roll it or something else? Let's assume I feel the QQQQ will continue its upward path next month.

Thanks.

speed

P.S. Jim, Thanks to you for all your input to this board. I consider you a guru!
Print the post  

Announcements

When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.