Another epic week of trading is behind us. Although the overall market volatility is low, many of the individual stocks moved big due to the peak of the earnings season.
I was able to close a few of my positions but the one I am most excited about is my SQ play, which was a low risk trade that highlighted how a simple strategy with defined risk can generate substantial profit.
Here are my closed deals for this week:
You can read about each of the trades in more detail by adding the 'original date' to the end of the following URL:
For those, who are new to my daily market comments, I place and document one trade a day with the objective of helping everyone learn how to trade options.
What's my trade for today?
#AMZN (#Amazon) naked put at $95 strike. The price hit $114 before earnings (most likely due to the positive Meta results) but the disappointed figures caused a bit of selloff. I believe that anything under $100 for Amazon is a good deal so having my strike at $95 feels like a fairly safe trade.