TradingView
AlexanderGotay
Jun 29, 2017 4:16 PM

30 Delta Strangle on QQQ 

Invesco QQQ Trust, Series 1NASDAQ

Description

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)
More