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.
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