Trade of the Week (4 Aug 2023)

My last trade resulted in a gain of $80 (0.4%) on a $20K account when it expired.

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 $2,800 and an expiration of 11 Aug 2023. At the same time, I'll buy 2 PUT options on NQX with a strike price of $2,760 and an expiration date of 11 August. This trade has a maximum gain of about $34 as long as NQX closes above $2,800 on Friday, 11 August, 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.

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