QQQ did not generate another Bear Candle today to make our Call Credit Spread a 50% profit so that we could have closed it. Instead it went up by $5.00 and made a new all time high. Our position tanked to 0.6% from 25%. As said before, if it goes

Now today came the candle we were all waiting for. QQQ made a red candle and the price dropped $4.50 the share.  We were forced to roll our position out in time yesterday and thus collected 200% of the original premium. Our original entry was lower and would have been

Even we can see that at the 2nd Std Dev the Short Call has only a Trigger rate of 3.16% and the Short Put has a trigger rate of 2.18%, we will NOT take this trade due to the fact our trade MUST have a DELTA of 10% or less.

What Is an Iron Condor? An iron condor is an options strategy consisting of two puts (one long and one short) and two calls (one long and one short), and four strike prices, all with the same expiration date. The iron condor earns the maximum profit when the underlying asset

What the Hell is a Straddle?, my wife asked. “Its not a Strangle”, I said. And my wife looked kind of weirdly into my eyes. “What do you want to do??” I said, a Strangle needs two hands or strikes. “WHAAAAT??” A Straddle only needs to legs to stand on.