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NaughtyPines

Opening (IRA): QQQ April/May 270/257 Short Put Ladder

Long
Invesco QQQ Trust, Series 1 (NASDAQ:QQQ)  
NaughtyPines Updated   
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
Beyond Technical Analysis QQQ optionsstategies premiumselling shortput
3
0
beyondta qqq optionsstategies premiumselling shortput
Comments: Starting to ladder out in second quarter contracts here, targeting the <16 delta strike paying around 1% of the strike price in credit.

Received 2.72 in credit for the April 270; 2.65 for the May 257.
Trade active:
Closed the April 270 rung for a 1.28 debit. 2.72 - 1.28 = 1.44 ($144) profit.
Trade closed manually:
Closed the May 257 for a .68 debit. 1.97 ($197) profit.
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