It’s part of my core strategy — specifically for weekly QQQ trades.
I run two systems: this QQQ weekly spread, and the 10-delta credit spreads on individual stocks.
For QQQ, the setup targets ~$0.50-0.55 credit with a 25-point-wide spread.
Strikes are chosen to balance premium vs. probability.
If QQQ drops below the short strike and I’m facing a loss, I shift into phase 2: buy a long-dated CALL (~6 months out) and start selling weekly CALLs against it (Poor Man’s Covered Call).
That lets me recover even if QQQ tanks hard.
Defined risk — with a defined recovery plan. 💪
Nice risky play, Mansur! 😃
What’s your reasoning behind selecting these strikes and delta? :)
Thanks Alina!
It’s part of my core strategy — specifically for weekly QQQ trades.
I run two systems: this QQQ weekly spread, and the 10-delta credit spreads on individual stocks.
For QQQ, the setup targets ~$0.50-0.55 credit with a 25-point-wide spread.
Strikes are chosen to balance premium vs. probability.
If QQQ drops below the short strike and I’m facing a loss, I shift into phase 2: buy a long-dated CALL (~6 months out) and start selling weekly CALLs against it (Poor Man’s Covered Call).
That lets me recover even if QQQ tanks hard.
Defined risk — with a defined recovery plan. 💪
Very strategic!
So in the phase 2 , you essentially betting on market rebound then until the long call becomes profitable or covers the initial loss. :)
Exactly