Last week I didn't make a trade. We were coming off of a big week, and it seemed a little risky to follow such a big gain. If I had been invested in a NASDAQ ETF, I would have had a loss of about 3.5% 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 $2,100 and an expiration of 8 July. At the same time, I'll buy 2 PUT options on NQX with a strike price of $2,050 and an expiration date of 8 July. This trade has a maximum gain of about $250 as long as NQX closes above $2,100 on Friday, 8 July, 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 8% this week.
The trade discussed above is not a recommendation but is merely an account of what I may have executed in the past.
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