Exit QQQ Puts for Profit

If you look back to "Your Holiday QQQ Spread" we have already made a profit on the call side, and now we are going to make a profit on the put side. Pretty easy as we are all tied into the technicals of the QQQ.
Today is a down day and the chart is easing towards the bottom so we are going to exit our puts position and take a profit. All the puts. Remember, we were in at a 3:1 ratio.
We are out at the following:

QQQ Mar 2015 103.000 put (QQQ150320P00103000)

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3.45  0.38(11.38%) 12:54PM EST

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Prev Close:	3.34
Open:	2.96
Bid:	3.52
Ask:	3.53
Strike:	103.00
Expire Date:	20-Mar-15

Day's Range:	2.86 - 3.71
Contract Range:	N/A - N/A
Volume:	1,131
Open Interest:	3,23

Ignore the last, and look at the bid and the ask. The QQQ options are highly liquid and that is what you would be getting when you exit, probably the bid, seeing its right at the ask. If you remember from my holiday spread post, here is what we got in at:

That is a nice little profit of (remember we exit/buy in the bid and ask range which is current, not the last price) So we got in at 2.78 and we got out at 3.52 for a gain of 21%.
Well thats a happy new year for me and anyone that was following my advice.

The cubes are pretty easy to call, especially when you go a few months out and are doing technical analysis. More to come today/tommorrow. I am back and ready for the new year after a couple of days off. Lets make some money.

Stay cool, Honeybunny,
Mark