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.

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