Last week's trade gave me a gain of $750(3.7%) on a $20K account when it expired this morning. If I had been invested in a NASDAQ ETF, I would have had a loss of about 5.4% 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 $14,000 and an expiration of 28 Jan 2022. At the same time, I'll buy a PUT option on NDX with a strike price of $13,900 and an expiration date of 28 Jan. This trade has a maximum gain of about $1,170 as long as NDX closes above $14,000 on Friday, 28 Jan 2022. I'm going to make sure to close this trade before the market closes on Thursday because this option expires when the market opens on Friday, 28 Jan 2022. 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.
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