TQQQ Put Credit SpreadMy plan was, "in order to leg into iron condor - will initiate put credit spread for 90/85 for March 05 , 2021 if price drops below $100 per share." Now I am doing the other leg of the iron condor.
Current share price ~$98. I opted to do a put credit spread for March 05 , 2021 with sell price of 90 and buy price of 85 (85/90). Total credit received: $75 per spread contract. Total risk: $425 per contract. Expect price to recover.
Minor Regret: I wish I had bought the $85 side of the put credit spread when the price of TQQQ was still $108 because it would have been cheaper.
