Opening (IRA): QQQ March 15th 348 Short Put
... for a 3.51 credit.
Comments: Targeting the shortest duration <16 delta put paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. Will naturally look to add in shorter duration should we get a sell-off and/or up-tick in IV that makes that worthwhile.
Comments: Targeting the shortest duration <16 delta put paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. Will naturally look to add in shorter duration should we get a sell-off and/or up-tick in IV that makes that worthwhile.
Trade closed: target reached:
Hit 50% max, closing for a 1.75 debit. 1.76 ($176) winner.