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Showing posts with label QQQ Oct 19 2018 $177 puts. Show all posts
Showing posts with label QQQ Oct 19 2018 $177 puts. Show all posts

Thursday, September 13, 2018

QQQ put options

Wed. 9/12/2018 (11:00:26 am, PT) (QQQ at $182)

sell -4 Oct 19, 2018  $177 puts at $2.07

Why did I place this trade?

  • stochastics in oversold region
  • down day
  • attractive premiums
  • delta 31.54


Thu. 9/13/2018 (11:06:29 am, PT) (QQQ up $2.00)

buy back all 4 puts at $1.37

Why did I close this trade?

  • I made 33.16% of max profit in one day (ahead of schedule)
  • take quick profits
  • remove the risk
  • free up the capital

PROFIT:  $280 (in ONE day)

Learn to SELL put options here!