AlexanderGotay

30 Delta Strangle on QQQ

AlexanderGotay Updated   
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
With IVR of 45 the Q's have the highest Implied volatility out of the index trinity. I sold the 50 days to expiration 142/133 Strangle for $3.39 per contract and will look to close it at 50% of the credit received, for a 72% probability of profit.
Trade closed manually:
With 18 days to go and a move down, I closed this trade for a small winner (Around 18% of the credit received)

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