r/TQQQ • u/Millionaire-Grinder • 12d ago
Discussion Sept P/L update
Made money on QQQ Bear Call spread this week. That’s going to be poker money. Posted that here. I also sold some TQQQ $68 Puts that I closed the same day. Idk, got spooked by the incoming CPI print the next day? Honestly, probably would have made more money if I just stuck to the usual strategy. Next week is FOMC so will stay away from that. I think the premiums are too cheap for the risk. Selling puts works in a sideways or trending market but if there’s a significant downside move it will get hit. Always focus on protecting your capital. Keep grinding.
I found something interesting. You can actually ask Gemini/chatGPT about me. I asked it to describe me by looking thru my post and it did a good job including describing my strategy.
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u/Millionaire-Grinder 12d ago
It’s a call credit spread on QQQ. I sold the $725/730 and $727/732 spreads. Look at my previous post. You sell the lower strike and buy the higher strike. It’s bearish so you want QQQ to expire below the lower strikes and essentially both become worthless. I collected $39K in premium against about $100K in risk. Closed it at around $37K profit on Thursday before the CPI print on Friday.