I really wanted to open up a QQQ 45 DTE, but a Sept 8th expiry is not yet available, so this will have to do.
Metrics:
Probability of Profit: 43% Max Profit: 93/contract Max Loss/Buying Power Effect: 207/contract Break Evens: 240.07/251.93 (~expected move on both sides) Theta: .77 Delta: -2.4
Notes: Will look to take profit at 50% max.
Trade closed manually
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Covering here for an .83 db (.10/$10) profit. Rotating into low vol strategies.