Terra_Incognita
10-06 23:42

$QQQ VERTICAL 261120 CALL 795.0/CALL 805.0$ 1️⃣ Why am I making this trade now?

Bear call spread setup on QQQ. 

Expiry on 20th Nov so it's 45 days run way. 

Sold calls at $795 and buy back at $805.

Credit to risk is acceptable. 

Changes of success estimate at 75%

short strike is about $40 above 52 weeks high which is at around $755. 


2️⃣ What’s my plan from here?

seeking short term consolidation or pull back after 3 back to back days of making new all time high.

Take profit at 70-90% of premium decay. 

Stop loss if short strike is hit.
QQQ Vertical
10-06 22:42
US795.0/805.0
SidePriceRealized P&L
Credit
Open
-2.55--
Holding
QQQ VERTICAL 261120 CALL 795.0/CALL 805.0
# Trade Feed: Who is your favorite trader?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（3）

  • Top
  • Latest
  • floopi
    ·10-07 00:22
    TOP
    795/805 feels too tight for 45 DTE ngl. Above the 52 week high sounds scary on paper, but three ATH days in QQQ can still turn into a grind higher fast
    Reply
    Report
    Fold Replies
    • Terra_Incognita: 
      That’s a part of the risk assumptions If it break it breaks.
      10-07 17:52
      Reply
      Report
  • CINDYTAN
    ·10-07 04:29
    [Happy]
    Reply
    Report