NaughtyPines

OPENING: QQQ DEC '20 162/207 SHORT STRANGLE

NASDAQ:QQQ   INVESCO QQQ TRUST UNIT SER 1
... for a 4.22 credit.

Max Profit: $422 ($211 at 50 max)
Max Loss: Undefined
Break Evens: 157.78/211.22
Delta/Theta: 1.03/4.14

Notes: Going out to December to sell a 16 delta short strangle that basically covers all of the 2019 range ... . Will look to take profit at 50% max.
Trade active: Put in an order to close this for 3.30 at the open. Glad to take 28% max/1.12 ($112) profit for 18 days' work with 123 DTE ... .
Trade active: Awww. No fill for that quickee dirtee. Will wait another week, see what happens.
Trade closed manually: Out here for a 3.50 debit; .72/$72 profit/contract. Still have the January short strangle on ... .
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