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NaughtyPines
Aug 25, 2020 12:33 AM

UPDATE: QQQ SEPTEMBER 16TH/NOVEMBER 20TH 255/295 PUT DIAGONAL 

Invesco QQQ Trust, Series 1NASDAQ

Description

... with a scratch point of 36.99 and a 258.01 break even.

Notes: To say that this setup hasn't worked out as a standalone trade so far is kind of an understatement (See Post Below). However, it still is short delta, so I'm keeping it on as a hedge against long delta positions.

Trade active

Rolling the September 18th 255 short put to the September 25th 258 short put for a 1.09 credit. Scratch at 38.08; break even at 259.10.

Trade active

Rolling the September 25th 258 short put to the October 2nd 258 for a 1.07 credit. Previous roll should have been scratch of 36.99 - 1.09 or 35.90; and this roll 35.90 - 1.07 or 34.83 with a 260.17 break even.

Trade active

Rolled the October 2nd 258 to the October 9th 260 for a 1.49 credit; scratch at 33.34 with a 261.66 break even.

Trade closed manually

Pre-election flat/preparation for retirement.
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