TQQQ Short Put — Dec 18, 2026
Trade Setup
Current Stock Price
$178.00
Entry Price
$178.00
Target Price
$89.00
Stop Loss
$356.00
Expiration
Dec 18, 2026
Suggested Contracts
1
Strike Details
Sell 45P
Risk / Reward
Max Loss
$4322.00
Max Profit
$178.00
Analysis
TQQQ (ProShares UltraPro QQQ) presents a short put opportunity with very elevated implied volatility. IV Rank 75. IV 8433.0% trades -1311.0pp above 30-day HV (9744.0%). This setup favors net premium sellers.
Sell the $45 put for $1.78 credit. Naked single-leg exposure; collect premium from time decay if TQQQ stays above the strike. Underlying ~$69.50, 39 DTE. Max profit $178 per contract, max loss $4322, 4.1% return on risk, 83% POP. Breakeven at $43.22.
Management: take profit at ~50% of max profit ($89). Cut at 2x credit ($356 loss). If short strike is breached with > 14 DTE, consider rolling out for a credit. Close before expiration week to avoid gamma risk.
Setup Instructions
Underlying: TQQQ @ ~$69.50 Expiration: Dec 18, 2026 (39 DTE) Net credit (entry): ~$178.00 per spread Legs:
- Sell TQQQ Dec 18, 2026 $45 Put (delta -0.17, mid $1.78)
Use limit orders at the mid or slightly worse. Verify bid-ask spread (currently ~1.1% of mid) before sending.
Management Plan
Take profit at 50% of max profit ($89). Cut loss if position reaches 2x credit received ($356 loss). Roll if tested with > 14 DTE remaining.