Trade of the Week (24 Feb 2023)

On Tuesday, I made a trade for a $100(0.50%) 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 weekly loss of about 3.1% 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 $2,270 and an expiration of 3 March 2023.  At the same time, I'll buy 2 PUT options on NQX with a strike price of $2,220 and an expiration date of 3 March. This trade has a maximum gain of about $216 as long as NQX closes above $2,270 on Friday, 3 March, 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 4.8% this week.

Note: This trade is not a recommendation but is merely an account of what I may have executed in the past.

Trade of the Week (21 Feb 2023)

Last week's trade resulted in a gain of $90 (0.45%) on a $20K account when it expired at the end of the day on Friday. If I had invested in a NASDAQ ETF, I would have had a nearly equal gain of about 0.48% for the week.

This week's trade of the week is a little late, but is still a Put Credit Spread. I will sell 2 PUT options on NQX with a strike price of $2,290 and an expiration of 24 Feb 2023. At the same time, I'll buy 2 PUT options on NQX with a strike price of $2,240 and an expiration date of 24 Feb 2023. This trade has a maximum gain of about $100 as long as NQX closes above $2,290 on Friday, 24 Feb 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 8% this week.

Note: This trade is not a recommendation but is merely an account of what I may have executed in the past.

Trade of the Week (10 Feb 2023)

Last week's trade resulted in a gain of $90 (0.45%) on a $20K account when it expired at the end of the day. On the other hand, if invested in a NASDAQ ETF, there would have been a 2.1% loss at the close of trading on Friday.

This week's trade of the week is a Put Credit Spread, a type of options trading strategy that aims to take advantage of market volatility. By selling 2 $2,230 PUT options and buying 2 $2,180 PUT options, I'm expecting that NQX will close above $2,230 on Friday, 17 Feb 2023. If this happens, I will keep the difference between the two options as profit, which is a maximum of $184 in this case.

This trade was made in an account with a cash balance of $20,000 while risking only half the available cash. There is a buffer for potentially fixing the trade or taking action if NQX falls 9% this week.

Please note that the trade described above is not a recommendation but is just an example of a past trade.

Trade of the Week (3 Feb 2023)

Last week I didn't make a trade, so this week was really a draw rather than a win.  If I had been invested in a NASDAQ ETF, I would have had a gain of about 3.3% 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 $2,300 and an expiration of 10 Feb.  At the same time, I'll buy 2 PUT options on NQX with a strike price of $2,250 and an expiration date of 10 Feb. This trade has a maximum gain of about $90 as long as NQX closes above $2,300 on Friday, 10 February, 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 8% this week. This trade is for a smaller gain than normal, but the market has moved a lot higher in a really short period of time. So, I'm playing it a little safer than normal.

The trade discussed above is not a recommendation but is merely an account of what I may have executed in the past.