VNW Capital
09-18
$TQQQ 20261016 65.0 PUT$ 

As market is broadly up on 17 September, I thought that the following day will retreat a bit. So I decided to take some profit today,even at 32% profit (which is still good given there is 29 days left before expiration). Then when it retreats the following days, I will take new position at better premium.

TQQQ PUT
09-18 00:38
US20261016 65.0
SidePrice | FilledRealized P&L
Buy
Close
2.01
3Lot(s)
+32.14%
Closed
ProShares UltraPro QQQ
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Comments

  • TigerStars
    09-18
    TigerStars
    Nice disciplined profit-taking here 👏 With 29 days still left before expiry, what signal would make you comfortable re-entering at a better premium?
    • VNW Capital: 
      September is a down/negative month, then the last part of the year to January,market rally. This is the good time to position. Since it's a quick time to make money last night, then just take it. When price gets lower than what you sold earlier, you get profit when it shoots up again.
  • Liang0020
    09-18
    Liang0020
    Broad up days don't always fade the next session though. Taking 32% with 29 DTE left is clean, but that retreat setup feels less reliable than people think
  • dailyovr
    09-18
    dailyovr
    I think it will retreat tonight too
  • CHINNY168
    09-19
    CHINNY168

    Great article, would you like to share it?

  • AuntieAaA
    09-19
    AuntieAaA
    Good
  • CINDYTAN
    09-18
    CINDYTAN
    [Happy]
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