Trade of the Week (30 Sep 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 2.7% 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 $2,010 and an expiration of 7 October. At the same time, I'll buy 2 PUT options on NQX with a strike price of $1,960 and an expiration date of 7 October. This trade has a maximum gain of about $200 as long as NQX closes above $2,010 on Friday, 7 October, 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.

Trade of the Week (23 Sep 2022)

Now, we are back on track.

Last week I made a trade for a $175(0.88%) 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 4.6% 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 30 September.  At the same time, I'll buy 2 PUT options on NQX with a strike price of $2,000 and an expiration date of 30 September. This trade has a maximum gain of about $214 as long as NQX closes above $2,050 on Friday, 30 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 9% 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 (16 Sep 2022)

Maybe this week is more of a draw than a win, but it's not a loss.

I'm changing things up a little this week.  This is mainly because the NASDAQ had a big drop this week, and I don't want to hold onto the open Put Spread too long.  Last week I made a trade for a $205(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 loss of about 5% at the mid-day on Friday.

This week's trade of the week is a Put Credit Spread but I'm rolling last weeks trade rather than letting it expire worthless.  To do this, I have to close last week's trade when I open the new trade this week.  To close last weeks trade, I'll sell to close the 16 Sep 2022 $2,270 Put and buy the 16 Sep 2022 $2,320 Put.  This part of the trade will cost $860.  I'll sell 3 PUT options on NQX with a strike price of $2,190 and an expiration of 23 Sep.  At the same time, I'll buy 3 PUT options on NQX with a strike price of $2,140 and an expiration date of 23 Sep.  The second part of this trade will give me a credit of $1,035.  This overall trade has a maximum gain of about $175 as long as NQX closes above $2,190 on Friday, 23 Sep, 2022. I made this trade in my account that has a cash balance of $20,000.  Due to the addition of the third credit spread ending next week, I'm risking $15,000 of the available $20,000 to make this trade.  It's still unlikely that the NQX will fall by 7% this week, so I'm still comfortable with the risk.

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 (9 Sep 2022)

Last week I made a trade for a $220(1.1%) 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 4.05% 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 $2,320 and an expiration of 16 Sep.  At the same time, I'll buy 2 PUT options on NQX

 with a strike price of $2,270 and an expiration date of 16 Sep. This trade has a maximum gain of about $210 as long as NQX closes above $2,270 on Friday, 16 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 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 (2 Sep 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% 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 $2,240 and an expiration of 9 September.  At the same time, I'll buy 2 PUT options on NQX with a strike price of $2,190 and an expiration date of 9 September. This trade has a maximum gain of about $220 as long as NQX closes above $2,240 on Friday, 9 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.