ProBagHodler : Why did you lose money on the put spread? Looking at the chart, it seems like it should have been a winning trade.

dogsofgods OP ProBagHodler : It is a winning trade.
I opened a put ratio spread for $2.30 total credit, and I closed the entire position for $1 total debit, totalling to about 1.30 credit profit.
1x 80 short / 85 long  debit vertical spread -60
1x 80 short put +190
Total 190-60=130
The vertical spread provides some level of protection if the TQQQ price is around 80-85
The debit spread would lose money because prices are going up above 85

ProBagHodler : Oh I see your put spread is debit. I was thinking about a credit spread.
What is the advantages of this put ratio play? It seems like a simple put credit spread could have profited just as much and you pay less in fees.

dogsofgods OP ProBagHodler : Well if the position move against you, you get to sleep better at night.
If all goes well, yes a simple sell put will profit more.
If your position goes against you, the "profits" from the debit spread would indirectly lower your naked short put's basis points more than a naked put based on the wing as you move towards expiration especially; essentially you are paying for some protection, leading to higher probability of profit and better sleep
Down side is you have lower level of profit and higher commission fees to pay due to multi leg option play
Anyway i take profit at 50%

dogsofgods OP ProBagHodler : Btw, I think i would be down 300-400 the next day if it was a short put

Real TAKEZO : is tqqq the best for options

JaydenTan :

JaydenTan : Who wins ?

Warren Buffed OP JaydenTan : $ProShares UltraPro QQQ ETF (TQQQ.US)$
$Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$

Tom1192 : The atmosphere of Tqqq is very lively, how are you doing?

Warren Buffed OP Tom1192 : It was not good to begin with, just making the best of a bad situation.

Lucky Dog An : Today's intraday rebound comes to an end, tomorrow is expected to open low and continue downward.

razo2 Lucky Dog An : unlikely. tomorrow alot of puts at 600. likely will rally

razo2 : is always options driven. today the market will swing both directions. won't pass below 600 spy. won't go above 608 spy.

Nisdey OP razo2 : that was a shockingly accurate prediction.
Do you happen to know whether there is any value in or difference between the various options data aggregation services, like whalestream, option sonar, Bazinga and cheese flow?

Warren Buffed Nisdey OP : pro. as predicted