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Option on 05/30

$Invesco QQQ Trust (QQQ.US)$ Trading strategy - QQQ, bear market put spread combination

Buy Put for June 28th, exercise price of $455, premium of $6.94;
Sell the Put of June 28th with a strike price of $450 and receive a premium of $5.25.
Maximum profit: $331.
Maximum loss: $169.
Profit range: Stock price is below $453.31.
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