Trade of the Week (20 May 2020)

The trade from two weeks ago gave me a gain of $365 (1.7%) 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 2.9% at the close on 13 May.

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 $2,070 and an expiration of 27 May 2022.  At the same time, I'll buy 2 PUT options on NQX with a strike price of $2,020 and an expiration date of 27 May. This trade has a maximum gain of about $230 as long as NQX closes above $2,070 on Friday, 27 May 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 10% 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 (6 May 2022)

Last week's trade will give me a gain of $460 (2.3%) 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 0.5% at 1 PM 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 $2,300 and an expiration of 13 May 2022.  At the same time, I'll buy 2 PUT options on NQX with a strike price of $2,250 and an expiration date of 13 May. This trade has a maximum gain of about $365 as long as NQX closes above $2,300 on Friday, 13 May 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 10% 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 (29 Apr 2022)

Last week's trade will give me a gain of $800 (4%)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 3.7% at the end of the day 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 $2,350 and an expiration of 6 May 2022. At the same time, I'll buy 2 PUT options on NQX with a strike price of $2,300 and an expiration date of 6 May. This trade has a maximum gain of about $460 as long as NQX closes above $2,350 on Friday, 6 May. 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 8% this week.  Clearly, I'm further away from the current price of NQX than normal, but I chose to go further because of how large the daily moves have been over the last week.  I'll go back to the standard 5% soon.

The trade discussed above is not a recommendation but is merely an account of what I may have executed in the past.