(W25) Bull Put Spread – Target Profit $532
Stay consistent by making disciplined, probability-driven choices.
To follow up on last week’s setup, here’s a quick recap — and the new trade for the upcoming week.
✅ Recap: December 29 to January 02 Setup — Partial Profit (77%)
Both strikes expired out of the money, delivering the maximum premium for the week.
P/L: +$397 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
👌 Week #16: +$520
🤌 Week #17: Skip
👌 Week #18: +$507
👌 Week #19: +$513
👌 Week #20: +$512
👌 Week #21: +$512
👌 Week #22: +$514
👌 Week #23: +$519
👌 Week #24: +$397
🔁 January 05 to January 09 Setup
Opened: Monday, January 05, 2025
Instrument: QQQ (Invesco QQQ Trust)
Expiration: Friday, January 09, 2026
Sell: 598 PUT @ $0.603
Buy: 575 PUT @ $0.071
Net Credit: $0.532
Contracts: 10
Total Premium: $532
Max Risk: $22,468
Why This Trade Works
As long as QQQ stays above the 598 short strike by expiration, the spread will expire worthless — and I keep the full $532 premium.
If QQQ trades below 598 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 598? → Do nothing. Let it expire.
Approaching or below 598? → 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.