Opened a credit spread on qqq and it's dangerously close to my strikes.
The current position is 05/22 700/710
I am thinking of rolling it out 30 dte and up for more time and less risk of it hitting the short again or just take the loss $400 and learn a lesson to not be dumb.
Currently looking at
1. 6/30 720/735 for (hopefully) credit $48 or a debit of $30-70.
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715/730 $49 credit June 18
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720/740 June 18 $300 credit
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730/750 for $2 debit june30
Or I take the loss..my predict is that qqq can still run up past 700. Just a matter of when and how fast it can continue.
Qqq Credit spread gone wrong 700/710
byu/AdApart9610 inoptions
Posted by AdApart9610
1 Comment
take the $400 loss. rolling a losing spread into a wider spread further out is just paying to delay the same problem with more capital at risk. you already know it was a mistake, the lesson is cheapest right now.