Trade of the Week (17 June 2022)

Last week I made a trade for a $290(1.45%) gain 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 4.8% 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 $2,050 and an expiration of 24 June.  At the same time, I'll buy 2 PUT options on NQX

 with a strike price of $2,000 and an expiration date of 24 Jun. This trade has a maximum gain of about $296 as long as NQX closes above $2,050 on Friday, 24 June, 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 (10 June 2022)

Last week's trade will give me a gain of $114 (.5%)on a $20K account when it expired at the end of the day Friday. If I had been invested in a NASDAQ ETF, I would have had a loss of about 5.7% 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 $2,130 and an expiration of 17 June 2022. At the same time, I'll buy 2 PUT options on NQX with a strike price of $2,080 and an expiration date of 17 June. This trade has a maximum gain of about $290 as long as NQX closes above $2,130 on Friday, 17 June. 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.  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% after the market calms down.

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 (3 June 2022)

The trade from two weeks ago gave me a gain of $230 (1.1%) 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 gain of about 6.8% at the close on 27 May.  If I had made a trade last week, I would have had a gain of at least 1% when the market was down by about 1%.

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 $2,260 and an expiration of 10 June 2022.  At the same time, I'll buy 2 PUT options on NQX with a strike price of $2,210 and an expiration date of 10 June. This trade has a maximum gain of about $114 as long as NQX closes above $2,260 on Friday, 10 June 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.