Trade of the Week (8 Apr 2022)

Last week I made a trade for a $300(1.5%) gain on a $20K account when it expires at the end of the day today, however I didn't have time to post it. If I had been invested in a NASDAQ ETF, I would have had a loss of about 2.8% at 11AM 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 $2,700 and an expiration of 14 Apr.  At the same time, I'll buy 2 PUT options on NQX with a strike price of $2,650 and an expiration date of 14 Apr. This trade has a maximum gain of about $400 as long as NQX closes above $2,700 on Thursday, 14 April, 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.