Trade of the Week (27 Aug 2022)

Last week I made a trade for a $214 (1.07%) 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% 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 2 Sep.  At the same time, I'll buy 2 PUT options on NQX with a strike price of $2,300 and an expiration date of 2 Sep. This trade has a maximum gain of about $214 as long as NQX closes above $2,350 on Friday, 2 September, 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 7% 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 (19 Aug 2022)

Last week I made a trade for a $210 (1.05%) 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 2% at noon today.

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 $2,480 and an expiration of 26 August.  At the same time, I'll buy 2 PUT options on NQX with a strike price of $2,430 and an expiration date of 26 Aug. This trade has a maximum gain of about $214 as long as NQX closes above $2,480 on Friday, 26 August, 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 6.4% 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 (12 Aug 2022)

Last week's trade gave me a gain of $204 (1.02%) 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 gain of about 2.6% 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 $2,495 and an expiration of 19 August 2022. At the same time, I'll buy 2 PUT options on NQX with a strike price of $2,445 and an expiration date of 19 August. This trade has a maximum gain of about $210 as long as NQX closes above $2,495 on Friday, 19 August. 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.

Trade of the Week (5 Aug 2022)

Last week I made a trade for a $204(1.02%) 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 gain of about 2.01% 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 $2,420 and an expiration of 12 August. At the same time, I'll buy 2 PUT options on NQX with a strike price of $2,370 and an expiration date of 12 August. This trade has a maximum gain of about $204 as long as NQX closes above $2,420 on Friday, 12 August, 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.