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QQQ Free money $ 330 in 15 Days
Invesco QQQ Trust, Series 1
Long
QQQ Free money $ 330 in 15 Days
By stockpivot
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Updated
Aug 10, 2023
3
Aug 10, 2023
Free money buy Alert
Buy 100 Share of QQQ at $ 373.70
Sell 1 covered Call Deep ITM for $ 365 for 25 Aug
Outcome
Your share will be assigned at $ 365 and you will lose $ 870 on Share
But
You are Collecting $ 1200 as premium
So $ 1200 - 8.70 = Net Gain $ 330 Free money
Aug 10, 2023
Note
We are readjusting out trade to make more money off this trade
We sold Covered Call for $ 1200 and stock dropped So covered Call went Green by $ 350 Now as current price is $ 8.50
So take $ 350 profit off Call and
Sell Another Covered Call to hedge more money
Now sell Covered Call for $ 363 for $ 363 for 25 th Sep for $ 1000 Again this will push our breka even further down
Enjoy Trading
Aug 10, 2023
Note
Buy back to Close
Sell 1 covered Call Deep ITM for $ 365 for 25 Aug and collect $ 1200
Now
Sell to Open new covered Call
Sell 1 covered Call Deep ITM for $ 363 for 25 Aug and collect $ 1000
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