Opening (IRA): QQQ September 30th 289 Short Put
... for a 2.95 credit.
Comments: Targeting the <16 delta strike in the shortest duration paying around 1% of the strike price in credit in the exchange-traded fund with the highest 30-day IV to emulate dollar cost averaging into the broad market. Take profit at 50% max or greater and/or roll out for duration and a credit.
This would be more ideally put on in weakness and higher IV, but I'm willing to take some risk while I wait for a better IV environment to present itself.
Comments: Targeting the <16 delta strike in the shortest duration paying around 1% of the strike price in credit in the exchange-traded fund with the highest 30-day IV to emulate dollar cost averaging into the broad market. Take profit at 50% max or greater and/or roll out for duration and a credit.
This would be more ideally put on in weakness and higher IV, but I'm willing to take some risk while I wait for a better IV environment to present itself.
