-1 QQQ Mar 17 128/130/130/131 Put @ $0.20
Max Win: $120
Max Loss: $80
Break Even: 128.80
Trade Management: I will look to take 50% off this trade if we hover around here until closer to expiration. The trade is structured so that if the Qs keep climbing, I can still walk away with the credit I received (No risk to upside). On down movement and risk of loss on this trade, my other trades will be near their max profit zones, so that basis is also covered some.
Green is profit zone (no upside risk); vertical bar is expiration.