Last week's trade will give me a gain of $875 (4.3%) on a $20K account when it expires at the end of the day today. If I had been invested in a NASDAQ ETF, I would have had a gain of about 4.3% at 11AM on Friday.
This week's trade of the week is a Put Credit Spread again. I'll sell a PUT option on NDX with a strike price of $15,450 and an expiration of 31 Dec. At the same time, I'll buy a PUT option on NDX with a strike price of $15,350 and an expiration date of 31 Dec. This trade has a maximum gain of about $275 as long as NDX closes above $15,350 on Friday, 31 Dec 2021. I made this trade in my account that has a cash balance of $20,000. I am only using half of my available cash so that I can fix the trade in the unlikely event that NDX happens to fall by 5% this week.
The trade discussed above is not a recommendation but is merely an account of what I may have executed in the past.
No comments:
Post a Comment