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DaddySawbucks
16 aug 2021 01:04

QQQ Bear Diagonal Put Spread Sept 368/Aug 27 356 Kort

Invesco QQQ Trust, Series 1NASDAQ

Beskrivning

Hedged put position just took ten spreads on Friday 13th for net debit $7. NOT recommended for fainthearted, Big risk/big reward (maybe).

There is support at former resistance ~342 - 345, targeting. Index is overbought and struggling to break above 370. GLTA!

Handel aktiv

Closed position on gap deep ITM; re-entered late trade.

Handel aktiv

Closed again on gap. NB: NOT SO BEARISH DAY 2!? Watch out IMO

Handel aktiv

Did not post separate chart for this trade but on weakness I shorted SEP 350/330 vertical put spread for credit 1.55 and closed for 1.35 intraday. Finally made a buck from puts, lol.

Kommentera

Gone into cash. Index has habitually traded back up to 368 on every dump. See if it does again. Room to sell more, might bounce, pure guesswork.

Handel aktiv

Re-entered in the Sep 366P spread vs Aug 27 358s, an $8 spread, ten contracts.
Mer