To follow up on last week’s setup, here’s a quick recap — and the new trade for the upcoming week.
✅ Recap: Aug 1 to Aug 8 Trade — Full Profit
Both strikes expired out of the money, delivering the maximum premium for the week.
P/L: +$560 gross (after entry commissions, net $554).
📊 Logged in Trade Log
🔗 View on OptionStrat
🔁 August 8 to August 15 Setup
Opened: Friday, August 15, 2025
Instrument: QQQ (Invesco QQQ Trust)
Expiration: Friday, August 15, 2025
Sell: 554 PUT @ $0.68
Buy: 530 PUT @ $0.15
Net Credit: $0.53
Contracts: 10
Total Premium: $530
Max Risk: $24,000
Why This Trade Works
As long as QQQ stays above the 554 short strike by expiration, the spread will expire worthless — and I keep the full $530 premium.
If QQQ trades below 554 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 554? → Do nothing. Let it expire.
Approaching or below 554? → 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.