Last week's trade resulted in a gain of $160 (0.8%) 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 gain of about 3.2% for the week.
I didn't have time to set up a new trade this week, but I'll be back next week.
Last week's trade resulted in a gain of $174 (0.87%) 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 1.8% gain 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 $2,290 PUT options and buying 2 $2,230 PUT options, I'm expecting that NQX will close above $2,290 on Friday, 31 March, 2023. If this happens, I will keep the difference between the two options as profit, which is a maximum of $160 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.
Last week, I made a trade for a $224(1.12%) 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 gain of about 5.8% 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 $2,250 and an expiration of 24 March 2023. At the same time, I'll buy 2 PUT options on NQX with a strike price of $2,200 and an expiration date of 24 March. This trade has a maximum gain of about $174 as long as NQX closes above $2,250 on Friday, 24 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 10% this week.
Last week, I made a trade for a $104(0.52%) 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 3.7% 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 $2,200 and an expiration of 17 March 2023. At the same time, I'll buy 2 PUT options on NQX with a strike price of $2,150 and an expiration date of 17 March. This trade has a maximum gain of about $224 as long as NQX closes above $2,200 on Friday, 12 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 7.1% this week.
Last week, I made a trade for a $216(1.08%) 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 gain of about 2.7% 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 March 2023. 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 March. This trade has a maximum gain of about $104 as long as NQX closes above $2,300 on Friday, 10 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 6.8% this week.
