QQQ Butterfly

Mar 16, 2023

This is a bit risky, but with a projected move of 22, I am opening a few butterfly call spreads at the red level on chart. Low loss risk, but very high gain if it moves into the butterfly.

Mar 17, 2023

Note

should I stay or should I go? This is a 30 day play, so I will stay. unless this thing drops below 300, then I may have to cut my loses. Or, look to add to the position if it bounces off of 300 range.

Mar 17, 2023

Trade active

I have decided to add to this position. with the defined risk of the butterfly, the upside is very good. same set up. if this jumps back up a couple points over the next week, I will cash out. or, if it breaks down to that 300 range, I will cut and run.

Mar 21, 2023

Trade closed: target reached

didn't move as much as I hoped, but I am out until later this week or next week.