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.