08/30 – Opening Oct 15 QQQ Vertical Spread Rolling my QQQ Vertical Spreadįollowing my Entry Rules at the time, on August 30th I entered into a Vertical Bull Put Credit Spread for a take-home premium of $123 – fees. The Congressional debate over revising the Federal Debt Ceiling spilled beyond the actual Sept 30 deadline, and the constant drumbeat of defaults and government closings sent the markets reeling. In a past post: “ HOW TO ROLL A VERTICAL SPREAD IN THINKORSWIM,” (published Oct 8), I was whining about two of my vertical Spreads that went ITM after the September market thumpings. ![]() But with a late-week closing of a couple of rolled Vertical Spreads, I instead decided to document what a successful rolling of a Vertical Spread looks like: Originally, I was going to mock Biden’s Build Back Better agenda – pointing out the massive dollars designated to get women back into the workforce – bring back Rosie the Riveter (hence the graphics). I did a last-minute switching of gears for this week’s commentary.
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