To follow up on last week’s setup, here’s a quick recap — and the new trade for the upcoming week.
✅ Recap: Aug 15 to Aug 22 Trade — Full Profit
Both strikes expired out of the money, delivering the maximum premium for the week.
P/L: +$510 gross (after entry commissions, net $501).
📊 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
🔁 August 22 to August 29 Setup
Opened: Friday, August 22, 2025
Instrument: QQQ (Invesco QQQ Trust)
Expiration: Friday, August 29, 2025
Sell: 551 PUT @ $0.66
Buy: 526 PUT @ $0.15
Net Credit: $0.51
Contracts: 10
Total Premium: $510
Max Risk: $24,490
Why This Trade Works
As long as QQQ stays above the 551 short strike by expiration, the spread will expire worthless — and I keep the full $510 premium.
If QQQ trades below 551 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 551? → Do nothing. Let it expire.
Approaching or below 551? → 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.