QQQ Bear Diagonal Put Spread Sept 368/Aug 27 356
Updated
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!
There is support at former resistance ~342 - 345, targeting. Index is overbought and struggling to break above 370. GLTA!
Trade active
Closed position on gap deep ITM; re-entered late trade.Trade active
Closed again on gap. NB: NOT SO BEARISH DAY 2!? Watch out IMOTrade active
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.Comment
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.Trade active
Re-entered in the Sep 366P spread vs Aug 27 358s, an $8 spread, ten contracts.Related publications
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