Trade of the Week (25 Nov 2022)

Last week I made a trade for a $218(1.09%) 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 1% 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 $2,190 and an expiration of 2 December.  At the same time, I'll buy 2 PUT options on NQX with a strike price of $2,140 and an expiration date of 2 December. This trade has a maximum gain of about $210 as long as NQX closes above $2,190 on Friday, 2 December, 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 6.9% 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 (18 Nov 2022)

Two weeks ago I made a trade for a $220 (1.1%) gain on a $20K account when it expired at expiration on 11 Nov.  If I had been invested in a NASDAQ ETF, I would have had a gain of about 8.7% at the market close on last 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 $2,190 and an expiration of 25 Nov.  At the same time, I'll buy 2 PUT options on NQX

 with a strike price of $2,140 and an expiration date of 25 Nov. This trade has a maximum gain of about $218 as long as NQX closes above $2,190 on Friday, 25 November, 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 6.3% 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 (4 Nov 2022)

Last week I made a trade for a $202(1.01%) gain 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 loss of about 5.9% 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 $1,990 and an expiration of 11 Nov.  At the same time, I'll buy 2 PUT options on NQX with a strike price of $1,940 and an expiration date of 11 Nov. This trade has a maximum gain of about $220 as long as NQX closes above $1,990 on Friday, 11 November, 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.