Replies to post #41054 on SPDR S&P 500 (SPY)

[blasher]

Thank-you so much for replying !!
Everything is now as clear as a Yuengling black and tan ...

the $18.28 represents points as in I bought the Q's for 44.00 and sold for 45.00 and made $1.00

if you trade options, why do you refer to profits in points of QQQQ movement ??
I get your concept of trading and am doing the same in one of my accounts ...
just murky on what the $18.28 in profits means.

I currently am long both Call & Put strangles ...
I'll bank profits and adjust as QQQQ moves next week.

Thanks !!!!!!!!!!!!!