Trade of the Week (22 Apr 2022)

Last week's trade will give me a gain of $550 (2.7%) on a $20K account when it expires at the end of the day. If I had been invested in a NASDAQ ETF, I would have had a loss of about 2.1% at the 11 AM 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 $2,550 and an expiration of 29 Apr 2022.  At the same time, I'll buy 2 PUT options on NQX with a strike price of $2,500 and an expiration date of 29 Apr. This trade has a maximum gain of about $800 as long as NQX closes above $2,550 on Friday, 29 Apr 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 (14 Apr 2022)

Last week's trade will give me a gain of $400(2%) on a $20K account when it expires at the end of the day. If I had been invested in a NASDAQ ETF, I would have had a loss of about 2.6% 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 $2,620 and an expiration of 22 Apr 2022.  At the same time, I'll buy 2 PUT options on NQX with a strike price of $2,570 and an expiration date of 1 Apr. This trade has a maximum gain of about $550 as long as NQX closes above $2,620 on Friday, 22 Apr 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 (8 Apr 2022)

Last week I made a trade for a $300(1.5%) gain on a $20K account when it expires at the end of the day today, however I didn't have time to post it. 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 2 PUT options on NQX with a strike price of $2,700 and an expiration of 14 Apr.  At the same time, I'll buy 2 PUT options on NQX with a strike price of $2,650 and an expiration date of 14 Apr. This trade has a maximum gain of about $400 as long as NQX closes above $2,700 on Thursday, 14 April, 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 (25 Mar 2022)

Last week's trade will give me a gain of $360(1.8%) on a $20K account when it expires at the end of the day. If I had been invested in a NASDAQ ETF, I would have had a gain of about 1.3% at 11 AM 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 $2,750 and an expiration of 1 Apr 2022.  At the same time, I'll buy 2 PUT options on NQX with a strike price of $2,700 and an expiration date of 1 Apr. This trade has a maximum gain of about $550 as long as NQX closes above $2,750 on Friday, 1 Apr 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 March 2022)

Last week's trade will give me a gain of $325(1.6%) on a $20K account when it expires at the end of the day on 18 March. If I had been invested in a NASDAQ ETF, I would have had a gain of about 8% at the end of the day on Friday.  The market beat me this week, but I'm still ahead of my plan and ahead of the market for the year.

This week's trade of the week is a Put Credit Spread again. I still don't trust the market especially after such a large gain over the last week, so I'm going to go further out of the money than my normal 5% while still expecting to collect more than a 1% gain. I'll sell 2 PUT options on NQX with a strike price of $2,650 and an expiration of 25 Mar 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 Mar. This trade has a maximum gain of about $360 as long as NQX closes above $2,650 on Friday, 25 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 (11 Mar 2022)

Life got in the way again last week, so I wasn't able to make my weekly trade.  The trade from 2 weeks ago was successful as well, making $475 (2%) when NQX was down by over 2%.  Right now, I'm not too worried about missing a week since I'm up about 30% for the year.

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 $2,500 and an expiration of 18 Mar 2022.  At the same time, I'll buy 2 PUT options on NQX with a strike price of $2,450 and an expiration date of 18 Mar. This trade has a maximum gain of about $325 as long as NQX closes above $2,500 on Friday, 18 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 (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.