QQQ Bearish Butterfly

Disclaimer: This information is for educational purposes only and should not be treated as investment advice. The strategy presented would not be suitable for investors who are not familiar with exchange traded options. Any readers interested in this strategy should do their own research and seek advice from a licensed financial adviser.

July 10th, 2024 – QQQ Bearish Butterfly – Opening Trade

July 22nd, 2024 – QQQ Bearish Butterfly – Close Out

Nice profit of $240 already and delta is more or less neutral now, so not really providing much of a hedge. Time to close and you can always reopen lower if you want another hedge.