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Trade for the week of 11/01/2024
#1 · 28 October 2024, 9:50 am
US stocks rose on today as Middle East war fears subsided and ahead of a key week with Big Tech earnings. The tech-heavy Nasdaq Composite jumped 0.6% while the S&P 500 rose 0.5%.
Our pick this week is:
| Stock | Call/Put | Expiration Date | Contracts | Strike | Premium | Cashflow | Percent |
|---|---|---|---|---|---|---|---|
| SQQQ | Put | 11/01/2024 | 1 | $6.5 | $0.03 | $3.0 | 46% |
Total cash flow so far: $181.00
And our expected yield for the year: 21.89%
