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NaughtyPines
Feb 24, 2023 3:17 PM

Opening (IRA): QQQ April 21st 257 Short Put Long

Invesco QQQ Trust, Series 1NASDAQ

Description

... for a 2.64 credit.

Comments: Adding rungs here on this weakness, targeting the shortest duration <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.

Trade closed manually

De-risking a smidge running into FOMC. Closed for a 1.26 debit; 1.38 ($138) profit.
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