This post is restricted to paying members. To follow are specific active trade details:
Stock / Symbol: Nasdaq ETF / QQQ
Strategy: Calendar Put Spread
Trade post date: 15 Mar 2023 / $294.70
Price at this post: $315
Update / Reasoning: Upside stop hit. Closing here to limit additional loss on this trade.
Trade Exit Order:
STC 1 QQQ 21Jul23 280 put
BTC 1 QQQ 6Apr23 280 put
For a min net credit of $5.30 per contract (day order, limit order). The mid is currently at a credit of $5.40. I was just filled at $5.35
Analysis:
My Max Risk: $835
Max Reward: $650 or 78% with QQQ at $280 on Apr 6th
Profit Range: QQQ between $265 and $300 at market close on Apr 6th
Commission (round trip): $2.60
Upside stop @ $313.69
Realized Profit / Loss: ($300) or -36% (pre commission)
