✅ Recap: Oct 31 to Nov 07 Trade — Full Profit
The Oct 31–Nov 07 spread delivered maximum premium despite significant intraday volatility on expiration day.
Structure:
Sell: 602 PUT @ $0.69
Buy: 577 PUT @ $0.17
Net Credit: $0.52
Contracts: 10
Total Premium: $520
Both strikes expired out of the money. QQQ closed above 602 on Friday, November 7.
P/L: +$520 net
📊 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
👌 Week #16: +$520
Total: $7,592 across 16 consecutive winning weeks
🚫 Week #17: No Trade This Week
For the first time since launching this strategy in mid-July, I’m skipping a weekly QQQ Bull Put Spread.
Why?
Friday’s expiration wasn’t clean. QQQ dropped sharply during the session — at one point, the unrealized loss exceeded $2,000. The spread ultimately expired out of the money, but the intraday pressure was a reminder that even high-probability setups carry risk when volatility spikes.
I screened for spreads that would deliver the usual ~$0.50–$0.55 credit per contract at a safe distance below current price. None met the criteria.
The premiums either required strikes too close to current levels, or the distance didn’t justify the reward. Given the technical backdrop — including Thursday’s sharp selloff and Friday’s volatility — there’s a reasonable chance QQQ continues lower into next week.
I could force a trade. But forcing trades breaks discipline.
So I’m choosing to wait.
The core principle of this strategy is mechanical repetition with consistent parameters — not chasing setups that don’t meet the standard. Skipping one week doesn’t break the rhythm. It protects the system.
🔁 What’s Next
Week #18 (Nov 15–Nov 22) will resume the normal Friday-to-Friday cycle, assuming a clean setup returns.
The 16-0 record stays intact. The strategy continues. Just with one intentional pause.
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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.