OPENING: QQQ JAN 18TH 152/155/175/178 IRON CONDOR
... for a 1.08/contract credit.
Adding to my January cycle QQQ core position after stripping off some units earlier (See Post Below). Since the overall position remains fairly delta neutral, I'm not looking to add delta with this trade, so am basically going with a neutral setup.
With the previous close costing a .71 debit and this open paying 1.08, my January cycle scratch point is 3.63. Will continue to mix and match profitable put side with profitable call side running into opex with the goal being to finish net profitable for the cycle ... .
Adding to my January cycle QQQ core position after stripping off some units earlier (See Post Below). Since the overall position remains fairly delta neutral, I'm not looking to add delta with this trade, so am basically going with a neutral setup.
With the previous close costing a .71 debit and this open paying 1.08, my January cycle scratch point is 3.63. Will continue to mix and match profitable put side with profitable call side running into opex with the goal being to finish net profitable for the cycle ... .
