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Trade for the week of 08/09/2024
#1 · 5 August 2024, 9:09 am
The stock market had a major decline with the Nasdaq Composite falling over 3.5% amid concerns about a US economic recession. Last week we bet against the stock market with a SHORT ETF. We are doing the same again this week.
Our pick this week is:
Stock | Call/Put | Expiration Date | Contracts | Strike | Premium | Cashflow | Percent |
SQQQ | Put | 08/09/2024 | 1 | $8.5 | $0.03 | $3.0 | 35% |
Total cash flow so far: $135.00
And our expected yield for the year: 22.65%
