December 2010 trade

I decided to open a trade on Gold (GLD) as the the 130 level has set up as a nice support level.

Dec 2010 GLD 129/130 Bull Put spread for a ROI of 21%

November Results

The November SPY trade expired successfully last Friday. Didn't get to place the other end of the trade to complete the Iron Condor, but I will take the profits considering this was an election month.
I will be looking to enter another spread after the Thanksgiving holiday. We will have to see if the market decides to make a move either way from its current channel.

November 2010 results:

Nov 2010 SPY 110/109 Bull Put Spread was successful for a ROI of 13% for + $990

This puts the account up 5% for the month of November at $20,790.

Nov update

Decided not to finish the iron condor trade as the market rallied nicely after the elections. The only trade I could enter to finish off the iron condor would be doing a 125/126 Bear call spread, but I don't want to risk it. The 124/125 Spy level should be the next resistance level and if the market rallies up to that level it would leave me with a tough decision over the next 10 days.
My 109/110 Bull put spread should safely expire next week and I'm ok with the results for this month considering there was an election.