Trade of the Week (11 Mar 2022)

Life got in the way again last week, so I wasn't able to make my weekly trade.  The trade from 2 weeks ago was successful as well, making $475 (2%) when NQX was down by over 2%.  Right now, I'm not too worried about missing a week since I'm up about 30% for the year.

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 $2,500 and an expiration of 18 Mar 2022.  At the same time, I'll buy 2 PUT options on NQX with a strike price of $2,450 and an expiration date of 18 Mar. This trade has a maximum gain of about $325 as long as NQX closes above $2,500 on Friday, 18 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.