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

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