Feb 2011 Results

Feb was an interesting month as the market stayed bullish all month. My calendar spreads needed a lot of adjustments which ate into a lot of the profits. I would have been better staying with credit spreads until I saw some real pull backs starting. Either way is was nice to get some good practice trading and adjusting the calendar spread strategy.

IWM trade ended up down 12%
SPY trade ended up 16%


Overall my account was up about 1% on the month for a $225 gain.

Closed out IWM trade

IWM continued to climb and I decided to cut losses today.

Total losses for the IWM trades for Feb were -$665 which is about a 12% loss on the trade.

IWM adjustment

Added another calendar to the IWM trade to help extend the right wing out more as the market continues to move up.

Feb/Mar 81 Call Calendar for $1.17 per contract.


I will be looking to close out and hopefully take some small profits at the end of this week or early next week.

Feb 11 SPY adjustment

Markets had a nice bounce today causing met to need to adjust most of my trades.

I closed out the previous SPY iron condor for a loss of $67.

I have opened a new SPY iron condor trade with a ROI of 15%:

Feb11 135/137 Call
Feb11 126/124 Put