Added my first trade for Jan 2011 expirations:
Jan 2011 GLD 134/133 Bull Put Spread for ROI of 25%
GLD has bounced twice and continues it's upward trend. If GLD closes below 135 I will buy back the calls and hold on to the puts for the potential sell off.
Tuesday, December 28, 2010
Friday, December 17, 2010
December 2010 Results
Both trades expired successfully.
Dec 2010 GLD 130/129 Bull Put spread for a ROI of 21% for + $1,800
Dec 2010 SPY 116/115 Bull Put spread for a ROI of 9% for + $670
So overall for December 2010 my account finished up ~ $2,600 which is a 12% gain for the month. This puts the account at ~ $23,100.
Dec 2010 GLD 130/129 Bull Put spread for a ROI of 21% for + $1,800
Dec 2010 SPY 116/115 Bull Put spread for a ROI of 9% for + $670
So overall for December 2010 my account finished up ~ $2,600 which is a 12% gain for the month. This puts the account at ~ $23,100.
Thursday, December 2, 2010
December 2010 second trade
SPY seems to have set up a nice support level at 117 over the last week. I opened the following credit spread:
Dec 2010 SPY 116/115 Bull Put Spread for ROI of 9%
Dec 2010 SPY 116/115 Bull Put Spread for ROI of 9%
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