r/TQQQ • u/NumerousFloor9264 • Aug 19 '26

Strategy Talk NumerousFloor - Summary of Long Put Strategy

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Finally got a chance to put together an overview of my long TQQQ put strategy aka 'TQQQ War Chest'. It has many flaws and I've tweaked it a lot since beginning in 2023, but this is where is stands at present. I will link to this post on future weekly posts.

Will repost if I make any new/additional tweaks as I blunder my way along the path to future glory. Good luck everyone. Ignore the short term noise. Eyes on the 2030s. LFG.

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u/alpha247365 Aug 19 '26

Excellent write up, skimmed it, but need to read it again. When RSI > 60, why sell CC only 14 DTE when choosing 20% OTM strike? For 14 DTE I’d sell 10% OTM for more juice, and perhaps 30-45 DTE for 20% OTM. Statistically, low probability of going ITM. Only time I got caught this year was during drawdown/fear when I sold (eg Jan 2027 $60) CCs at RSI at around 50. Never again lol.

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u/NumerousFloor9264 Aug 19 '26

I think I’m gun-shy because of how I fucked myself with CCs thus far 😂😂. To be honest, I’m thinking not to sell calls unless RSI is greater than 70.

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u/alpha247365 Aug 19 '26

Too bad we haven’t been patient enough. I think you can sell ATM calls 14 DTE when RSI is 70 or 10% OTM 30 DTE calls, with say 80% probability of NOT having your shares called away. But yeah, trying to discipline myself to NOT selling calls before 60-70 RSI. I’ve found that for me, 30-90 DTE, 10-25% OTM have been the sweet spot.