Symbols traded today. 1DTE: QQQ

Given the drama of the last two sessions, finding a reasonably stable trade for a low volatility, little change expected was a bit difficult. I think QQQ best fits that need, among the limited possibilities.

QQQ short Iron Fly

LOT:	5	ENTRY DATE:	11/15/2023
		EXIT DATE:	11/16/2023
		DAYS HELD:	1

Entry and Exit

METRIC	CREDIT	DEBIT	CHANGE	CHANGE %	ANNUALIZED CHANGE %
Options premium	$ 2.33	$ 2.17	$ 0.16	7.4%	2691%
METRIC	ENTRY	EXIT	CHANGE	CHANGE %
Stock price	$ 385.50	$ 384.63	$ 0.87	0.2%	83%
Impllied Volatility Rate	7.2	8.3	-1.1	1.1
Days to expiration	1	0

The structure of the position

STRUCTURE	STRIKE	ODDS EXPIRE OTM	DELTA
Calls
Long	390.00	88.0%	12
Break-even	388.33	71.0%	29
Short	386.00	54.0%	46
Puts
Short	386.00	46.0%	55
Break-even	384.33	64.0%	36.5
Long	382.00	82.0%	18

Risk and Reward

Per contract:
Reward	233.00
Risk	167.00
R/R Ratio (n:1)	0.7

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By Tim Bovee, Portland, Oregon, November 15, 2023

Disclaimer

Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.

No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decisions for his or her own account, and take responsibility for the consequences.

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Based on a work at www.timbovee.com.