(W18) Bull Put Spread – Target Profit $520
Resuming the weekly discipline after a brief hiatus.
As outlined in my November 8 update, Week 17 was a deliberate pause — a disciplined decision to step back from the weekly QQQ routine rather than force a suboptimal setup. That brief hiatus is now over. I officially resumed trading yesterday, November 17, to kick off Week 18. While the position was entered during Monday’s session, I am logging the details today simply because the day got away from me and I didn’t have time for the write-up. The rhythm returns; let’s look at the trade.
📈 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
🤌 Week #17: Skip
Total: $7,592 across 16 consecutive winning weeks
🔁 November 17 to November 21 Setup
Opened: Friday, November 17, 2025
Instrument: QQQ (Invesco QQQ Trust)
Expiration: Friday, November 21, 2025
Sell: 573 PUT @ $0.72
Buy: 548 PUT @ $0.20
Net Credit: $0.52
Contracts: 10
Total Premium: $520
Max Risk: $25,000
Why This Trade Works
As long as QQQ stays above the 573 short strike by expiration, the spread will expire worthless — and I keep the full $520 premium.
If QQQ trades below 573 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 573? → Do nothing. Let it expire.
Approaching or below 573? → Close and initiate fallback plan.
❤️ Support the Project
This Substack is free to read.
If you find value in the posts and want to support consistency,
you can do so 👉 by donating here 👈
Thanks for reading. Let’s build better trades.
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.
Hi Mansur, this looks like a well thought out, consistent strategy - congrats. One question, did you benchmark this against selling every day 1 contract of the 7DTE PCS vs. 10 contracts at once of the weekly? Might be easier to manage during volatile markets (you will have 1/10 the risk per day, and the market move might take a few days - so maybe 2 or 3/10 the risk in total compared to 10 of a weekly buy), but will have to manage 2-3 separate contracts rather than 1 in case things go south of course.