Decided to pull the trigger on a Bull Put spread for SPY. I think the 115 is a good support level and if it breaks 115 then I will look at closing the spread and buying puts as I think we will have a significant drop if we break 115. I placed the following trade:
April 2010 SPY 114/113 Bull Put spread for a ROI of 13%
Thursday, March 25, 2010
Wednesday, March 24, 2010
April Trade
I placed my first April trade today. I feel that GLD is in a downward trend at the moment and I think the upper resistance of the 110 level will hold for the next month. I have opened the following credit spread:
April 2010 111/110 GLD Bear Call Spread for a ROI of 17%
Not quite sure what to do with SPY for this month yet, so I have held off on making a trade. I want to see what happens this week.
April 2010 111/110 GLD Bear Call Spread for a ROI of 17%
Not quite sure what to do with SPY for this month yet, so I have held off on making a trade. I want to see what happens this week.
Monday, March 22, 2010
March 2010 Results
Both of my March 2010 trades expired successfully.
The SPY trade was a ROI of +12% for $630.
The GLD trade was a ROI of +15% for $960.
For the month I was up $1,588 which means my account finished up 11.3% for the month.
This puts my account at $15,627.
The SPY trade was a ROI of +12% for $630.
The GLD trade was a ROI of +15% for $960.
For the month I was up $1,588 which means my account finished up 11.3% for the month.
This puts my account at $15,627.
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