We are at that magical 3 1/2 weeks till expiration point where I like to make most my trades.
I have picked my third Credit spread trade for Aug expiration to be:
MA 200/210 Bear Call Spread
Probability calculation of 75% and a ROI of 19% for $550.
All of my picks seem to be at the upper resistance and are all starting to turn over, along with the whole market. I'm hoping my prediction of a whole market pull back for the next couple weeks holds and all my bearish position finish.
I'm still looking for at least one more Credit spread trade for Aug.
Wednesday, July 29, 2009
Aug AMZN Spread
I just entered my second credit spread for Aug which is the
AMZN 90/95 Bear Credit Spread
Probability calculation was 76%. If the credit spread expires on expiration day I will return 18% for $400.
AMZN 90/95 Bear Credit Spread
Probability calculation was 76%. If the credit spread expires on expiration day I will return 18% for $400.
Thursday, July 23, 2009
August AZO Spread
Placed my first Aug Credit Spread with AZO.
Probability Calculation was 73%, and after the little run the market has had I think the market will make a nice pull back some time over the next few weeks so I am keeping a nuetral/bearish attitude on the market as a whole.
AZO 165/170 Bear Call Spread, if the option successfully expires on Aug 21st then I will make a 18% gain of $450.
Probability Calculation was 73%, and after the little run the market has had I think the market will make a nice pull back some time over the next few weeks so I am keeping a nuetral/bearish attitude on the market as a whole.
AZO 165/170 Bear Call Spread, if the option successfully expires on Aug 21st then I will make a 18% gain of $450.
Monday, July 20, 2009
July Credit Spreads
July ended up being a positive month. I would have hit my 15% goal if FSLR wouldn't have crapped out on me again this month. I ended up making a total of 5 trades with 4 of the trades being profitable. This meets my goal of keeping at least a 70% correctness rate on my trades.
BBY 31/30 Bull Put Spread +13% +$300
BIDU 250/145 Bull Put Spread +19% +$375
SPY 87/86 Bull Put Spread +10% +$400
FSLR 150/145 Bull Put Spread -16% -$475
FSLR 180/185 Bear Call Spread +14% +$240
When FSLR went the wrong way on me I was able to close out the position and immediately move into an opposite position to retrieve back some of my lost money.
Overall for July + 9% + $915
BBY 31/30 Bull Put Spread +13% +$300
BIDU 250/145 Bull Put Spread +19% +$375
SPY 87/86 Bull Put Spread +10% +$400
FSLR 150/145 Bull Put Spread -16% -$475
FSLR 180/185 Bear Call Spread +14% +$240
When FSLR went the wrong way on me I was able to close out the position and immediately move into an opposite position to retrieve back some of my lost money.
Overall for July + 9% + $915
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