So January ended up showing my first spread trade that went wrong. Technically the trade would have been successful if I had left it open, but I followed my rules of closing it out when it broke the 114 level. Even though it ended up dropping back down below it, i can't take the risk.
I ended up losing $3,300 on the trade.
The GLD Jan 2010 105/106 Bull Put Spread ended up being successful for $700 which was a 12% ROI for that trade.
Overall for the options month of Jan 2010, I ended up down $2,600 which puts my account at $12,700.
I will probably try and do less risky trades that only return in the 10% to 15% range as trying for the 20% - to 25% return trades are a little too risky.
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