Trade of the Week (14 Apr 2022)

Last week's trade will give me a gain of $400(2%) on a $20K account when it expires at the end of the day. If I had been invested in a NASDAQ ETF, I would have had a loss of about 2.6% at the market close on Friday.

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 $2,620 and an expiration of 22 Apr 2022.  At the same time, I'll buy 2 PUT options on NQX with a strike price of $2,570 and an expiration date of 1 Apr. This trade has a maximum gain of about $550 as long as NQX closes above $2,620 on Friday, 22 Apr 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.