Trade of the Week (25 Feb 2022)

Last week's trade will give me a gain of $1,145(5.5%) 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 loss of about .04% at 1PM on Friday.

This week's trade of the week is a Put Credit Spread again. I don't trust the market this week, so I'm going to go further out of the money than my normal 5%. I'll sell 2 PUT options on NQX with a strike price of $2,600 and an expiration of 4 Mar 2022.  At the same time, I'll buy 2 PUT options on NQX with a strike price of $2,550 and an expiration date of 4 Mar. This trade has a maximum gain of about $475 as long as NQX closes above $2,600 on Friday, 4 Mar 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 NQX 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.

Trade of the Week (18 Feb 2022)

Last week's trade will give me a gain of $925 (4.6%) on a $20K account when it expires at the day today, as long as NQX remains above $2,760 at the end of the day today.  I'm not expecting the market to fall by another 1%, so I'll keep this trade open through expiration.  I will have to keep an eye on NQX for the next few hours, and I may have to change my plan if it does get too close to $2,760.

This week's trade of the week is a Put Credit Spread again. I'll sell 2 PUT options on NQX with a strike price of $2,650 and an expiration of 25 Feb 2022.  At the same time, I'll buy 2 PUT options on NQX with a strike price of $2,600 and an expiration date of 25 Feb. This trade has a maximum gain of about $1,145 as long as NQX closes above $2,650 on Friday, 25 Feb 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 NQX 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.

Trade of the Week (11 Feb 2022)

My day job got away from me last week, so I wasn't able to make a trade.  However, sticking w/ selling a Put Credit Spread 5% out of the money would have worked again this week.  The trade from 2 weeks ago gave me a gain of $1,500(7.5%) on a $20K account when it expired at the day Friday last week.

This week's trade of the week is a Put Credit Spread again. I'm switching my standard fund from NDX to NQX to get a little more flexibility.  I'll sell 2 PUT options on NQX with a strike price of $2,760 and an expiration of 18 Feb 2022.  At the same time, I'll buy 2 PUT options on NQX with a strike price of $2,710 and an expiration date of 18 Feb. This trade has a maximum gain of about $925 as long as NQX closes above $2,760 on Friday, 18 Feb 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 NQX 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.