Still a day behind on posting trades here.
Yesterday I took another directional cheap shot while IV was relatively low.
BOT +2 VERTICAL QQQ 100 20 SEP 19 188/187 PUT @.22
Long the 30 delta put, $1 wide
breakeven at 187.78, which was about a 3% drop by expiry
Thing went nicely in that direction today with all the FOMC insanity.
Fingers crossed we see a decent correction starting here.
Yesterday I took another directional cheap shot while IV was relatively low.
BOT +2 VERTICAL QQQ 100 20 SEP 19 188/187 PUT @.22
Long the 30 delta put, $1 wide
breakeven at 187.78, which was about a 3% drop by expiry
Thing went nicely in that direction today with all the FOMC insanity.
Fingers crossed we see a decent correction starting here.