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Invesco QQQ Trust, Series 1
Long
Updated

Opening (IRA): QQQ August 18th 270 Short Put

90
... for a 3.06 credit.

Comments: Just building out third quarter rungs here, targeting the <16 delta strike paying around 1% of the strike price in credit. I'd naturally prefer it on weakness, higher IV, but will look to add in shorter duration and/or better strikes should we get a sell-off/pop in IV.
Trade closed: target reached
Out today at 50% max. $153 profit.

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