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.
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