![Hot Trades](https://moneyvikings.com/wp-content/uploads/2021/08/Hot_Trades-1024x586.png)
What’s The Trade?
On 9/28, I closed the QQQ bearish Call Spread for a $35 debit, making it a winner for a $65 profit. I did this buy Buying to Close the 10/15 379 call and Selling to Close the 10/15 384 call. This was over 50% of the premium targeted!
![222e2e52 5d29 3d10 9b6d 461ccd105e9c](https://mcusercontent.com/6e6d68c1dcf85d431c4821ef5/images/222e2e52-5d29-3d10-9b6d-461ccd105e9c.png)
SELL TO OPEN A BEARISH CALL CREDIT SPREAD IN QQQ FOR $109 – If you are bearish QQQ, consider a Bear Credit Spread, which I filled on 9/20 for a $100 credit. I sold the 10/15 QQQ 379 call and bought the 384 call, risking 4 to make 1. There is an 86% chance of keeping half of the premium. With QQQ trading at 365 on 9/20,
- Sell the October 15th 379 Call for $206
- Buy the October 15th 384 Call for $97
![qqq image0](http://dmkanter.davidkanter.com/wp-content/uploads/2021/09/qqq-image0-1024x363.jpg)
- Premium: Try to collect at least $109
- Rationale: This is a defined risk trade. You can make up to $109 if QQQ stays where it is or stays below $379 on expiration. QQQ has a juicy IV Rank of 37%. Adds -8.01 SPY negative beta weighted delta to portfolio for those that have too much long exposure. Collects $3.39 in theta each day. The stock can still move up 14 dollars and be profitable.
- Probability of making 54$: 86%
- Assumption: Bearish
- Timeframe: ~1-3 weeks
![qqq bear call spread Capture](http://dmkanter.davidkanter.com/wp-content/uploads/2021/09/qqq-bear-call-spread-Capture-1024x732.jpg)
![QQQ 2021 09 20 14 12 14](http://dmkanter.davidkanter.com/wp-content/uploads/2021/09/QQQ_2021-09-20_14-12-14-1024x649.png)