Wednesday, July 29, 2009

Aug MA Spread

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.

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.

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.

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