Trade of the Week: JWN

Trade of the Week

Last week, in our 48-Hour Income service, we sold a put on high-end retailer Nordstrom (JWN). 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. JWN was about to announce earnings and the stock had already sold off quite a bit, so the puts appeared to be expensive. We chose a strike that gave us a decent amount of downside cushion. Although it ended up being a nailbiter, we made a little under 2% in around 2 days.