Trade of the Week (25 Feb 2022)

Last week's trade will give me a gain of $1,145(5.5%) 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 loss of about .04% at 1PM on Friday.

This week's trade of the week is a Put Credit Spread again. I don't trust the market this week, so I'm going to go further out of the money than my normal 5%. I'll sell 2 PUT options on NQX with a strike price of $2,600 and an expiration of 4 Mar 2022.  At the same time, I'll buy 2 PUT options on NQX with a strike price of $2,550 and an expiration date of 4 Mar. This trade has a maximum gain of about $475 as long as NQX closes above $2,600 on Friday, 4 Mar 2022. 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 5% this week.

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

Trade of the Week (18 Feb 2022)

Last week's trade will give me a gain of $925 (4.6%) on a $20K account when it expires at the day today, as long as NQX remains above $2,760 at the end of the day today.  I'm not expecting the market to fall by another 1%, so I'll keep this trade open through expiration.  I will have to keep an eye on NQX for the next few hours, and I may have to change my plan if it does get too close to $2,760.

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 $2,650 and an expiration of 25 Feb 2022.  At the same time, I'll buy 2 PUT options on NQX with a strike price of $2,600 and an expiration date of 25 Feb. This trade has a maximum gain of about $1,145 as long as NQX closes above $2,650 on Friday, 25 Feb 2022. 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 5% this week.

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

Trade of the Week (11 Feb 2022)

My day job got away from me last week, so I wasn't able to make a trade.  However, sticking w/ selling a Put Credit Spread 5% out of the money would have worked again this week.  The trade from 2 weeks ago gave me a gain of $1,500(7.5%) on a $20K account when it expired at the day Friday last week.

This week's trade of the week is a Put Credit Spread again. I'm switching my standard fund from NDX to NQX to get a little more flexibility.  I'll sell 2 PUT options on NQX with a strike price of $2,760 and an expiration of 18 Feb 2022.  At the same time, I'll buy 2 PUT options on NQX with a strike price of $2,710 and an expiration date of 18 Feb. This trade has a maximum gain of about $925 as long as NQX closes above $2,760 on Friday, 18 Feb 2022. 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 5% this week.

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

Trade of the Week (28 Jan 2022)

Last week's trade will give me a gain of $1,170(5.1%) 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 loss of about 1.2% at 1PM on Friday.

This week's trade of the week is a Put Credit Spread again. I'll sell a PUT option on NDX with a strike price of $13,550 and an expiration of 4 Feb 2022.  At the same time, I'll buy a PUT option on NDX with a strike price of $13,450 and an expiration date of 4 Feb. This trade has a maximum gain of about $1,500 as long as NDX closes above $13,550 on Friday, 4 Feb 2022. 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 NDX happens to fall by 5% this week.

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

Trade of the Week (21 Jan 2022)

OUCH!!  What an ugly week.  I was expecting a draw down, but not this much and definitely not this fast.

Last week's trade gave me a gain of $750(3.7%) on a $20K account when it expired this morning. If I had been invested in a NASDAQ ETF, I would have had a loss of about 5.4% at 11AM on Friday.

This week's trade of the week is a Put Credit Spread again. I'll sell a PUT option on NDX with a strike price of $14,000 and an expiration of 28 Jan 2022.  At the same time, I'll buy a PUT option on NDX with a strike price of $13,900 and an expiration date of 28 Jan. This trade has a maximum gain of about $1,170 as long as NDX closes above $14,000 on Friday, 28 Jan 2022.  I'm going to make sure to close this trade before the market closes on Thursday because this option expires when the market opens on Friday, 28 Jan 2022. 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 NDX happens to fall by 5% this week.

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

Trade of the Week (14 Jan 2022)

Last week's trade will give me a gain of $525(2.6%) 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 gain of about 0.5% at 11AM on Friday.

This week's trade of the week is a Put Credit Spread again. I'll sell a PUT option on NDX with a strike price of $14,700 and an expiration of 21 Jan 2022.  At the same time, I'll buy a PUT option on NDX with a strike price of $14,600 and an expiration date of 21 Jan. This trade has a maximum gain of about $750 as long as NDX closes above $14,700 on Thursday, 20 Jan 2022.  I'm going to make sure to close this trade before the market closes on Thursday because this option expires when the market opens on Friday, 21 Jan 2022. 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 NDX happens to fall by 5% this week.

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

Trade of the Week (07 Jan 2022)

Last week's trade can still give me a gain of $275 (1.3%) on a $20K account when it expires at the end of the day today.  Right now, I can't close the trade for a profit, so I'll have to keep it open until a little later in the day. If I had been invested in a NASDAQ ETF, I would have had a loss of about 4.7% at 11AM on Friday.  

Right now, I can make a few trading plans, but I don't actually want to enter a trade until I can close last week's trade or until NDX moves higher.  The plans that I'm looking at are either selling a Put Credit Spread where I sell 1 NDX Put at 15,000 and buy 1 NDX Put at 14,900; or a Put Credit Spread where I sell 2 NDX Puts at 15,000 and buy 2 NDX Puts at 14,925.  I would make 1 of these trades for a profit before the end of the day.   Depending on how close the market is to the price of the sold Put last week, I may close out last weeks trade at the same time or just plan to let it expire worthless.

UPDATE 1 (1:38PM):

I'm looking to close last week's trade while opening this week's trade of buying 1 NDX Put at 15,000 and buying 1 NDX Put at 14,900.  This trade combination should bring in about $525 this week.  Closing last week's trade will cost about $400, and opening this new trade will give me a credit of about $925; this combination comes out to a net gain of $525.

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

Dec 2021 Monthly Wrap-up

This was a successful month for both the NASDAQ 100 and for our Put Credit Spread strategy.  The NASDAQ 100 gained about 1.1% over the month of December.  Our Put Credit Strategy brought in $4,140 on an account valued at $20,000, coming out to a 20% gain for the 5 trades that reached their expiration date this month.  We would have had this gain as long as NDX did not have a 5% decline in any of the weeks of trading. 

This month the NDX had a gain that was slightly smaller than the 5-year average.  I was expecting December to close at 16,500, and it closed at 16,302. I'm expecting January to have a small gain again with a close around 16,500. On the longer time frame, I'm looking for a 7% loss over the next few months but I have no clue when or if it will show up.  These numbers are purely based on historical averages, and do not account for any social, economic or political factors.

Trade of the Week (31 Dec 2021)

Last week's trade will give me a gain of $275 (1.3%) 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 gain of about 0.5% at 11AM on Friday.

This week's trade of the week is a Put Credit Spread again. I'll sell a PUT option on NDX with a strike price of $15,500 and an expiration of 7 Jan 2022.  At the same time, I'll buy a PUT option on NDX with a strike price of $15,400 and an expiration date of 7 Jan. This trade has a maximum gain of about $215 as long as NDX closes above $15,400 on Friday, 7 Jan 2022. 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 NDX happens to fall by 5% this week.

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

Trade of the Week (23 Dec 2021)

Last week's trade will give me a gain of $875 (4.3%) 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 gain of about 4.3% at 11AM on Friday.

This week's trade of the week is a Put Credit Spread again. I'll sell a PUT option on NDX with a strike price of $15,450 and an expiration of 31 Dec.  At the same time, I'll buy a PUT option on NDX with a strike price of $15,350 and an expiration date of 31 Dec. This trade has a maximum gain of about $275 as long as NDX closes above $15,350 on Friday, 31 Dec 2021. 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 NDX happens to fall by 5% this week.

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

Trade of the Week (17 Dec 2021)

Last week's trade will give me a gain of $640 (3.2%) 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 loss of about 2.8% at 11AM on Friday.

This week's trade of the week is a Put Credit Spread again. I'll sell a PUT option on NDX with a strike price of $15,100 and an expiration of 23 Dec. At the same time, I'll buy a PUT option on NDX with a strike price of $15,000 and an expiration date of 23 Dec. This trade has a maximum gain of about $875 as long as NDX closes above $15,100 on Thursday, 23 Dec 2021. 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 NDX happens to fall by 5% this week.

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

Trade of the Week (10 Dec 2021)

Last week's trade will give me a gain of $1,446 (7.2%) 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 gain of about 3% at 11AM on Friday.

This week's trade of the week is a Put Credit Spread again. I'll sell a PUT option on NDX with a strike price of $15,350 and an expiration of 17 Dec. At the same time, I'll buy a PUT option on NDX with a strike price of $15,250 and an expiration date of 17 Dec. This trade has a maximum gain of about $640 as long as NDX closes above $15,350 on Friday, 17 Dec 2021. 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 NDX happens to fall by 5% this week.

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

Trade of the Week (3 Dec 2021)

Last week's trade will give me a gain of $904 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 loss of about 2% at close on Friday.

This week's trade of the week is a Put Credit Spread again. I'll sell a PUT option on NDX with a strike price of $15,000 and an expiration of 10 Dec. At the same time, I'll buy a PUT option on NDX with a strike price of $14,900 and an expiration date of 10 Dec. This trade has a maximum gain of about $1,446 as long as NDX closes above $15,000 on Friday, 10 Dec 2021. 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 NDX happens to fall by 5% this week. This week's return is a lot more than the 1% gain that I'm aiming for.

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