Bear Call Credit Spread Income Idea on QQQ 11-2-18
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Of great importance is: Money Management Considerations When Selling Option Credit Spreads for Income.
NEW TRADE IDEA: 11/2: QQQ – Consider shorting Nov (11/9) $174.5/178.5 bear call credit spread (7 DTE) for a limit of $.80/share (current mid-point of $.82/share). Bearish reversal at d20/200-MA and resistance on the daily. Income trade, 25.4% ROC if expires worthless. Stop Loss: $174.22.
