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.