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Trade for the week of 03/29/2024
#1 · 25 March 2024, 2:26 pm
We have a short trading week this week with the stock market being closed due to Good Friday. The stock market has been doing well, lately, and that means we have fewer quality stocks to choose from in the $1000 range. This week we are grabbing one at $1050, which uses up all of our $1000 plus our profits of $48 and requires and extra $2 to accomplish. We think this is a reasonable trade off to pick a stock that is doing well. Let us know if you disagree.
Our pick this week is:
| Stock | Call/Put | Expiration Date | Contracts | Strike | Premium | Cashflow | Percent |
| RIOT | Put | 03/28/2024 | 1 | $ 10.50 | $ 0.03 | $ 3.00 | 29% |
Total cash flow so far: $51
And our expected yield for the year:22%
