Neutral trade on QQQ (Laddered Strangles)
Updated
Out of the equities ETF's QQQ have the highest IVR of 19.
So I decided to do laddered Strangles with 35 DTE and 70 DTE to reduce risk.
144/131 Strangle (Jul 21) for $1.67
142/134 Strangle (Jun 16) for $1.27
So I decided to do laddered Strangles with 35 DTE and 70 DTE to reduce risk.
144/131 Strangle (Jul 21) for $1.67
142/134 Strangle (Jun 16) for $1.27
Trade active
Closed the first strangle (Jul 21) for close to break even to reduce risk. Given that I have other positions in the QQQ's and I didn't wanted to risk another big move up.Trade closed: target reached
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