Trade of the Week (30 Dec 2022)

Last week's trade will give me a gain of $214 (1.07%) on a $20K account when it expires at the end of the day. If I had been invested in a NASDAQ ETF, I would have had a loss of about 0.003% at the end of the day 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 $2,020 and an expiration of 6 Jan 2023.  At the same time, I'll buy 2 PUT options on NQX with a strike price of $1,970 and an expiration date of 6 Jan. This trade has a maximum gain of about $204 as long as NQX closes above $2,020 on Friday, 6 Jan 2023. 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.