To follow up on last week’s setup, here’s a quick recap — and the new trade for the upcoming week.
✅ Recap: Oct 24 to Oct 31 Trade — Full Profit
Both strikes expired out of the money, delivering the maximum premium for the week.
P/L: +$511 net (after entry commissions).
📊 Logged in Trade Log
🔗 View on OptionStrat
📈 Performance So Far
👌 Week #1: + $255
👌 Week #2: + $171
👌 Week #3: + $554
👌 Week #4: + $524
👌 Week #5: + $501
👌 Week #6: + $504
👌 Week #7: + $504
👌 Week #8: + $497
👌 Week #9: + $501
👌 Week #10: + $536
👌 Week #11: + $517
👌 Week #12: + $499
👌 Week #13: + $501
👌 Week #14: + $498
👌 Week #15: + $511
🔁 October 31 to November 07 Setup
Opened: Friday, October 31, 2025
Instrument: QQQ (Invesco QQQ Trust)
Expiration: Friday, November 07, 2025
Sell: 602 PUT @ $0.69
Buy: 577 PUT @ $0.17
Net Credit: $0.52
Contracts: 10
Total Premium: $520
Max Risk: $25,000
Why This Trade Works
As long as QQQ stays above the 602 short strike by expiration, the spread will expire worthless — and I keep the full $520 premium.
If QQQ trades below 602 during the week, I’ll monitor closely and manage accordingly — with a possible early exit or transition into the recovery phase (LEAPS + covered calls).
Management Plan
Above 602? → Do nothing. Let it expire.
Approaching or below 602? → Close and initiate fallback plan.
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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.
Could you share what the backup plan is if the short option price is breached? Given the large max loss relative to reward
That makes sense, what if the market continues to trend down more than the collected weekly premium, are you then just working the strike prices down to match your cost basis?