Trade Alert 1/16/2025

We are going to speculate a little bit with a trade. This is a very short-term put butterfly. The risk is we lose the full premium paid (very  possible outcome). The reward is that we get a big drop in markets within the next 2-weeks. If that were to happen, then the reward potential explodes. Buy to open:  QQQ Jan 31st (weekly) 505.00 strike put (ratio of 1) Sell to open:  QQQ Jan 31st (weekly) 485.00 strike put (ratio of 2) Buy to open:  QQQ Jan 31st (weekly) 465.00 strike put (ratio of 1) Debit: 2.10 Max risk = 2.10 or $210.00 per spread Max reward = 17.90 or $1,790.00 per spread