QQQ -- SHORT STRANGLE IDEA

Invesco QQQ Trust, Series 1NASDAQ

Description

⋅ Jan 1, 2016 10:33 PM

As an alternative to the IWM play (posted below), here's a QQQ setup:

Feb 12 103.5/116.5 short strangle
POP%: 75%
Max Profit: 1.55/contract
BPE: Undefined
Break Evens: 101.95/118.05