During the first week of March 2026, the Nasdaq-100 Micro Index (XND) experienced a decline of over 2.5%, finishing the week down 1.27%. Trading activity highlighted various bullish put spreads executed in the face of market volatility, notably on March 3, where a trader generated a credit of 4.82 by selling XND June 235 Puts for 8.66 and buying June 210 Puts for 3.84. This strategy has a buffer of 3.96%, allowing for maximum profit if XND stays above 235.00 by expiration.
Additional trades were executed mid-week, including a bullish spread on March 5, which involved selling the XND March 9th 238 Put for 0.39 and purchasing the 233 Put for 0.17, resulting in a credit of 0.22. This trade was designed with a condition that XND remain above 233 by expiration. On March 6, another trade was recorded with XND at 247.65, where a trader sold the Mar 27th 250 Put for 6.85 and bought the 235 Put for 2.66, taking in a net credit of 4.19, requiring XND to rise 0.95% to achieve maximum profit.
Overall, these trades reflect strategic countertrend positions, executed while the market faced downside pressure. They demonstrate how vertical spreads can help define risk and reward, making it easier for traders to enter long positions amid volatility.
