The reason why I exitted, is because I extracted 65% of their maximum value, and it's highly likely that tomorrow will pare some of today's gain just because today was so fire, and I didn't want to risk dumbfucks starting a selloff when the market opens tomorrow slightly in the red.
My estimate:. QQQ closes at 327.30 tomorrow, for a net gain of 0.3% on the week.
I spent the last 30 minutes of trading trying to get into an iron condor position for 6 contracts with a put spread of 325/324 and a call spread of 330/331 for 66$ per contract in premiums (against my $34 x 6 = 204$) but the mark price oscillated between 62 and 67 but didn't execute for a max gain of 396$.
if the price tomorrow closes between 325 and 330 tomorrow I'm gonna be sad in the pants that I didn't drop my sell price to 60 just to get the position at 4$ below mark since deviating from the mark by 1 penny on all 4 wings of the condor pretty much assures an instant buyer on tightly traded options like SPY DIA and QQQ but the situation I was trying to get into was risking half of the weeks to double this week's gains.
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