Rolling a Vertical Spread means that immediately after I close the original position, I then reopen a new position with the same parameters, but with a new expiration date six-weeks out. So I closed my 10/15/21 QQQ position for a $177 loss.
Defcon 2019 schedule how to#
10/06 – Closing Oct 15 QQQ Spread at a LossĪs explained in the “ HOW TO ROLL A VERTICAL SPREAD IN THINKORSWIM” post, to roll a Vertical Spread, I need to first close the original position. With 11 days to expiration, I decided not to live the next two weeks sweating this Spread. Thus, on October 4, my QQQ Spread went ITM – 11 days prior to expiration. This weeks-long partisan angst caused QQQ to tumble over 8% during September. And when the bidder debates switched over to raising the Debt Ceiling for FY 2022, the recalcitrant Senate Republican refused to vote for raising the limit. OTM=79.0%, Headroom=-6.5%, Max Loss=$1,377, AROR=70.3%īut as September rolled in, the Congressional budget battle over Biden’s Build Back Better got heated. 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.
![defcon 2019 schedule defcon 2019 schedule](https://itcurated.com/infosecuritycalendar/wp-content/uploads/sites/33/2019/07/Defcon.jpg)
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.