I'm thinking about doing an Iron Condor this month on SPY. I think the market will stay somewhat flat going into elections and I'm hoping we won't have any drastic movements directly following the elections.
With today's pull back in the market I decided to enter my lower position. I feel there is some support around the 111 -112 level in case the market decides to continue to decline.
Nov 2010 110/109 Bull Put Spread for a ROI of 13%
Tuesday, October 19, 2010
Monday, October 18, 2010
October 2010 Results
I only did one trade in Oct, but it was successfull.
Oct 10 SPY 110/111 Bull Put spread ROI of 16% for ~$1,200
So for the month of Oct I was + $1,200 which is a 6% increase and puts my account at ~$19,800.
Oct 10 SPY 110/111 Bull Put spread ROI of 16% for ~$1,200
So for the month of Oct I was + $1,200 which is a 6% increase and puts my account at ~$19,800.
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