Opening: QQQ April 14th 295/376 Short Strangle

71
... for a 6.63 credit.

Comments: Selling some fresh premium in the QQQ's. 6.63 credit on buying power effect of 34.20; 19.4% ROC at max as a function of buying power effect; 9.7% at 50% max. Will generally look to take profit at 50% max and/or manage sides on approaching worthless or side test.

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