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Investing Strategies / Options - You Make the Call


Subject:  Closing Trade Date:  2/16/2007  9:36 AM
Author:  speed63 Number:  7905 of 11363

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.



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