Invesco QQQ Trust, Series 1
Updated

OPENING: QQQ DEC 21ST 151/154/181/184 IRON CONDOR

117
,,, for a 1.06/contract credit.

Metrics:

Max Profit: $106/contract
Max Loss/Buying Power Effect: $194/contract
Break Evens: 152.95/182.05
Delta: -2.43
Theta: 1.19

Notes: Shorting premium in the highest implied volatility exchange traded fund out of the majors (SPY, IWM, QQQ, DIA).
Trade closed manually
Taking off some risk here and closing for a .74/contract debit (.31/$31 profit/contract) with 39 DTE.

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