Invesco QQQ Trust Series I
Long
Updated

Opening (IRA): QQQ September 29th 318 Short Put

145
... for a 3.27 credit.

Comments: Targeting the <16 delta strike in the shortest duration where the credit received is around 1% of strike price to emulate dollar cost averaging into the broad market.

IVR/30-day IV isn't great here ... .
Trade closed: target reached
GTC order to take profit at 50% max hit. Closed for 1.63 debit; 1.64 ($164) profit.

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