{"symbol":"QQQ","name":"Invesco QQQ Trust, Series 1","spot":"713.44","strategy":"csp","strategy_label":"cash-secured puts","rv":"22.2","rv_window":30,"gap_distortion":null,"rv_all":"22.2","earnings":null,"earnings_days":null,"any_sell":true,"rows":[{"profile":"conservative","band":"0.05–0.15","notes":"~5-15Δ. Assignment is genuinely unlikely; you are paid little for that. Skips anything spanning earnings and demands a real vol premium.","sell":true,"headline":"Best put to sell: see below.","reasons":["Best contract prices vol at 1.18x realized.","91% chance of expiring unassigned (91% probability of profit at 9Δ).","6% annualized on $66,862 of collateral."],"best":{"expiry":"2026-09-04","dte":12,"strike":"670","delta":"-0.09","credit":"1.39","capital":"66,862","static":"0.2","aroc":"6","vay":"0.24","vay_band":"poor","pop":"91","p_otm":"91","iv":"26","iv_rv":"1.18","earnings":false,"contract":"QQQ260904P00670000","breakeven":"668.62","cushion":"6.1"}},{"profile":"moderate","band":"0.15–0.25","notes":"~15-25Δ, 21-60 DTE. Where most premium-selling literature sits: meaningful credit, assignment a real but minority outcome.","sell":true,"headline":"Best put to sell: see below.","reasons":["Best contract prices vol at 1.06x realized.","82% chance of expiring unassigned (84% probability of profit at 17Δ).","10% annualized on $67,644 of collateral."],"best":{"expiry":"2026-09-11","dte":19,"strike":"680","delta":"-0.17","credit":"3.56","capital":"67,644","static":"0.5","aroc":"10","vay":"0.43","vay_band":"fair","pop":"84","p_otm":"82","iv":"24","iv_rv":"1.06","earnings":false,"contract":"QQQ260911P00680000","breakeven":"676.44","cushion":"4.7"}},{"profile":"aggressive","band":"0.25–0.40","notes":"~25-40Δ. Roughly one trade in three finishes in the money, so only coherent if you are willing to own the stock (puts) or be called away (calls) and have sized the position for it.","sell":true,"headline":"Best put to sell: see below.","reasons":["Best contract prices vol at 1.00x realized.","73% chance of expiring unassigned (78% probability of profit at 25Δ).","20% annualized on $69,152 of collateral."],"best":{"expiry":"2026-09-04","dte":12,"strike":"696","delta":"-0.25","credit":"4.48","capital":"69,152","static":"0.6","aroc":"20","vay":"0.88","vay_band":"rich","pop":"78","p_otm":"73","iv":"22","iv_rv":"1.00","earnings":false,"contract":"QQQ260904P00696000","breakeven":"691.52","cushion":"2.4"}}],"term":[{"expiry":"08-31","dte":8,"atm_iv":"18","iv_pct":0,"earnings":false,"strike":"695","delta":"-0.19","credit":"2.45","aroc":"16","vay":"0.75","p_otm":"80","iv_rv":"0.96","gamma":"0.087"},{"expiry":"09-04","dte":12,"atm_iv":"20","iv_pct":48,"earnings":false,"strike":"690","delta":"-0.20","credit":"3.37","aroc":"15","vay":"0.65","p_otm":"79","iv_rv":"1.04","gamma":"0.067"},{"expiry":"09-11","dte":19,"atm_iv":"19","iv_pct":35,"earnings":false,"strike":"680","delta":"-0.17","credit":"3.56","aroc":"10","vay":"0.43","p_otm":"82","iv_rv":"1.06","gamma":"0.047"},{"expiry":"09-18","dte":26,"atm_iv":"20","iv_pct":49,"earnings":false,"strike":"680","delta":"-0.20","credit":"5.29","aroc":"11","vay":"0.47","p_otm":"78","iv_rv":"1.06","gamma":"0.045"},{"expiry":"09-25","dte":33,"atm_iv":"20","iv_pct":42,"earnings":false,"strike":"680","delta":"-0.23","credit":"6.83","aroc":"11","vay":"0.47","p_otm":"75","iv_rv":"1.06","gamma":"0.042"},{"expiry":"09-30","dte":38,"atm_iv":"20","iv_pct":38,"earnings":false,"strike":"676","delta":"-0.22","credit":"7.00","aroc":"10","vay":"0.42","p_otm":"76","iv_rv":"1.07","gamma":"0.038"},{"expiry":"10-02","dte":40,"atm_iv":"21","iv_pct":70,"earnings":false,"strike":"680","delta":"-0.24","credit":"8.17","aroc":"11","vay":"0.47","p_otm":"73","iv_rv":"1.06","gamma":"0.040"},{"expiry":"10-16","dte":54,"atm_iv":"21","iv_pct":67,"earnings":false,"strike":"675","delta":"-0.24","credit":"9.86","aroc":"10","vay":"0.42","p_otm":"73","iv_rv":"1.08","gamma":"0.034"},{"expiry":"10-30","dte":68,"atm_iv":"21","iv_pct":84,"earnings":false,"strike":null,"delta":null,"credit":null,"aroc":null,"vay":null,"p_otm":null,"iv_rv":null,"gamma":null},{"expiry":"11-20","dte":89,"atm_iv":"22","iv_pct":100,"earnings":false,"strike":null,"delta":null,"credit":null,"aroc":null,"vay":null,"p_otm":null,"iv_rv":null,"gamma":null}],"timing":{"window":"weekend","quality":"closed","advice":"Market is closed. Quotes are last week's close.","movement":null,"is_good":false,"clock":"03:32 EDT","streak":null},"cached":false,"age_minutes":0,"generated":"2026-08-23 07:32 UTC"}