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NaughtyPines
May 24, 2021 6:44 PM

Rolling (IRA): QQQ June 25th 300 Short Put to July 2nd 294 

Invesco QQQ Trust, Series 1NASDAQ

Description

... for a .04 credit.

Comments: Here, a take profit/window dressing roll. Put on for 3.01 (See Post Below), it's at greater than 50% max here. I want to take profit, but reduce risk by rolling the strike a little bit further away from current price, as well as milk the remaining premium out of the play without extending duration a ton. With the July 2nd 294 worth only 1.42 here, I've realized a gain of 3.01 - 1.42 or 1.59 ($159).

Comment

The chart should say "July 2nd 294" not "July 2nd 285."
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