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Trade for the week of 09/13/2024
#1 · 9 September 2024, 9:15 am
The US stock market rebounded on Monday with the S&P 500 rising 1%, while the Dow Jones and Nasdaq also gained around 1%. This comes after a steep sell-off in semiconductor stocks, including Nvidia, which rose 2% despite its 4% decline on Friday.
Our pick this week is:
| Stock | Call/Put | Expiration Date | Contracts | Strike | Premium | Cashflow | Percent |
|---|---|---|---|---|---|---|---|
| UVIX | Put | 09/13/2024 | 1 | $4.5 | $0.04 | $4.0 | 89% |
Total cash flow so far: $155.00
And our expected yield for the year: 22.39%
