The VIX is up and the SPY is down today... I would be very cautious going long with anything, however there are some ETFs that I believe are safe enough to trade.
My today's selection is #XBI, which is a #BioTech ETF.
I played exactly the same deal on 25/03/2022 and was able to close it within 4 days for a healthy 628% annualised profit.
See my previous trade here:
This time the price is slightly lower, the IVR is a bit higher and the expected return at expiry is much better.
Trade Type: Short Put
Expiry: 20 May
IV Rank: 59.7
Cap Req: $754
Annualised Prof at Expiry: 130%
Let me know what you think.
Closed at $0.56 for an annualised profit of 2227%.