u/Dry-Realityi ·
Reddit — r/smallstreetbets
· August 24, 2026 at 21:33
· ⬆ 15 pts
· 💬 1 comments
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On August 21, I bought 51 QQQ put options with a strike price of $711 and an expiration date of August 24. This trade was based on a combination of chart analysis, market structure, and my specific options strategy, rather than being a blind directional bet.
QQQ’s movement aligned with my expectations; at its peak, the position yielded a return of approximately 180%—far exceeding my initial profit target. Instead of risking a market reversal in pursuit of a "perfect" exit point, I decisively closed the position and locked in a realized profit of $12,189.
The key lesson I took away is simple: when a trade’s returns significantly exceed expectations, securing realized profits is more important than trying to capture the final leg of the move. 0DTE (zero-days-to-expiration) options are extremely volatile, making position sizing and disciplined exits crucial.
I am not suggesting that others replicate this trade. Every trader has a different entry strategy, risk tolerance, and account size. I’m curious—what factors do you typically base your trading decisions on?