Symbols traded today: QQQ (1DTE)

Exited November 22 for a small loss during the first minutes of the session. The underlying stock gapped up by a couple of points at the opening bell.

QQQ short Iron Fly

LOT:	6	ENTRY DATE:	11/21/2023
		EXIT DATE:	11/22/2023
		DAYS HELD:	1

Entry and Exit

METRIC	CREDIT	DEBIT	CHANGE	CHANGE %	ANNUALIZED CHANGE %
Options premium	$ 2.29	$ 2.32	$ (0.03)	-1.3%	-472%
METRIC	ENTRY	EXIT	CHANGE	CHANGE %	ANNUALIZED CHANGE %
Stock price	$ 387.81	$ 390.76	$ (2.95)	0.76%	278%
Impllied Volatility Rate	2.0	0.4	1.6	-1.6
Days to expiration	1

The structure of the position

STRUCTURE	STRIKE	ODDS EXPIRE OTM	DELTA
Calls
Long	391.00	73.0%	27
Break-even	390.29	57.5%	37.5
Short	388.00	42.0%	48
Puts
Short	388.00	42.0%	48
Break-even	387.29	57.0%	38
Long	385.00	72.0%	28

Risk and Reward

Per contract:
Reward	229.00
Risk	300.00
R/R Ratio (n:1)	1.3

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By Tim Bovee, Portland, Oregon, November 21, 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.

License

All content on Tim Bovee, Private Trader by Timothy K. Bovee is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Based on a work at www.timbovee.com.