Opening (IRA): QQQ Oct7th 269/Dec 16th 320 LPD* (Hedge)
Updated
... for a 39.88 debit.
Comments: Having closed out my QQQ short delta hedge earlier, immediately re-erecting one here, since I still need the short delta. Buying the back month 90 in the December monthly, selling the front 30, giving me about 60 short delta to hedge off my long deltas in the Q's.
Cost basis of 39.88 for a 51 wide with a 280.12 break even. Max profit of 11.12, with 50% max at 5.56, so will enter an order to take profit at 45.44.
Comments: Having closed out my QQQ short delta hedge earlier, immediately re-erecting one here, since I still need the short delta. Buying the back month 90 in the December monthly, selling the front 30, giving me about 60 short delta to hedge off my long deltas in the Q's.
Cost basis of 39.88 for a 51 wide with a 280.12 break even. Max profit of 11.12, with 50% max at 5.56, so will enter an order to take profit at 45.44.
Trade closed: target reached
Hit 45.44 today. 5.46 ($546) profit. Will re-erect the hedge during my regular Friday housekeeping ... .
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