
Arian
902 posts









$QQQ Ratio Spreads - How I See It Took profit on the $QQQ spread I wrote about last week (opened for ~0, closed at 1.55 - about $27,000 in cash). The logic: it’s already a large premium to risk if markets don’t pull back. Replaced it with the spread below, which I opened for approximately $0.10, including a 660 put (higher strike than the previous 655), and sold some calls within the structure. Max profit occurs if $QQQ falls ~3.5% from here by the end of the week. It’s hard for me to imagine a much bigger drawdown by Friday with how weak the $VIX has been acting. My risk is if $QQQ moves more than ~2% higher after tech earnings. I’m okay with that -if we squeeze higher, I’d likely give back the ~$27,000 I already made anyway, which I would have lost if I hadn’t closed the previous put spread. But on the downside, this new structure pays significantly better than the previous one after the recent move up in $QQQ.

$car +9k on a 1 lot with an intraday mark of -20K. Stupid degen but okay.






$car +9k on a 1 lot with an intraday mark of -20K. Stupid degen but okay.


$CAR down 25% from today's high and 15% for the day and I'm still underwater on my Degen short from Monday.







