Stock / Symbol: Nasdaq ETF / QQQ
Strategy: Calendar Put Spread
Trade entry date / price: 07 Sep 2021 / $380.90
Price at this post: $379.55
Update / Reasoning: My standing closing order to exit the position for a 7% return was filled this morning.
Trade Exit Order:
BTC 2 QQQ 15Sep21 389 calls
STC 2 QQQ 15Sep21 391 calls
For a max net debit of $0.06 per contract (GTC order, limit order). The mid is currently at a credit of $0.06. I was filled at $0.06
Analysis:
Max Risk: $364
Max Reward: $36 or 9.9% with QQQ below $389 on Sep 15th
Profit Range: QQQ at/under $389.25 at market close on Sep 15th
Estimated Commission (round trip): $2.60
Upside stop @ $389
Realized Profit / Loss: $26 or 7.2% (pre commission)
