To continue the weekly income sequence, here’s a quick recap of last week’s trade and the new setup going forward.
✅ Recap: July 21 Trade – Closed for Max Profit
Last week’s trade (opened Monday, July 21) expired worthless, as QQQ finished well above the 547 short strike. I collected the full $260 premium from the 10-contract spread.
Structure: 547/522 Bull Put Spread
Expiration: July 25
Net Credit: $0.26
Outcome: Full profit realized
P/L: +$260
It was a modest entry (due to entering on Monday, not Friday), but a clean win.
Updated Trade Log: View here
July 25 to Aug 1 Setup
With a timely Friday entry this time, I executed a larger credit spread aiming for the full $500 target. Here are the details:
Opened: Friday, July 25, 2025
Instrument: QQQ (Invesco QQQ Trust)
Expiration: Friday, August 1, 2025
Sell: 548 PUT @ $0.61
Buy: 523 PUT @ $0.11
Net Credit: $0.50
Contracts: 10
Total Premium: $500
Max Risk: $22,500
👉 View this setup on OptionStrat
Why This Trade Works
QQQ remains above the 548 short strike → the spread expires worthless, and I keep the full premium.
If QQQ trades below 548 → I’ll close the spread manually and shift into recovery mode using a long-dated call + weekly covered calls (as described earlier).
Management Plan
Above 548? → Do nothing. Let it expire.
Approaching or below 548? → Close and initiate fallback plan (LEAPS + call sales).
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Disclaimer
All content is for informational purposes only and does not constitute financial advice.Any trades or strategies should be tested in a simulated environment before use.Trading involves risk, and all decisions are the sole responsibility of the reader.
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