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NaughtyPines
Apr 12, 2024 2:47 PM

Opening (IRA): QQQ August 16th 380 Short Put Long

Invesco QQQ Trust, Series 1NASDAQ

Description

... for a 4.00 credit.

Comments: Starting to round out my Q3 rungs here on weakness and higher IV, targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market.

Trade closed: target reached

Hit 50% max; out for a 2.00 debit. 2.00 ($200) profit.
Comments
amaloyz
380, if u are bearish, just sell calls ?? or a hege
NaughtyPines
@amaloyz, It is a short put, not a long put. Short puts are neutral to bullish assumption setups.
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