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r/thetagang
Accidental Success!
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Author profited from intraday ratio back-spreads on QQQ and SPY used to hedge active long positions.
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Woke up this morning and I didn't like the price action so I decided to open a couple ratio back-spreads on QQQ and SPY to hedge my active positions. (SPY one was +$500 on a 6 wide 1 DTE)
I don't usually do intraday trades because I don't like throwing money away if I'm wrong but my timing this go around was nearly perfect!
(Green on the day despite a lot of long positions thanks to these)
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