Trade of the Week: GOOS

Trade of the Week

Last week, in my 48-Hour Income service, we sold a cash-secured put on outerwear apparel company Canada Goose Holdings (GOOS). 

In 48-Hour Income, the goal of the service is to generate 1% to 3% returns per week by selling 2-day puts in certain stocks.

GOOS put premiums were elevated at the time due to upcoming earnings.

The share price held its ground after earnings and we were able to let our puts expire without any stress.

Those who sold the 11 puts made about 3% on the trade in just about two days.