Returning back to the Project 2013 I opened a new SPX Bull Put spread yesterday.
Sold 320 SPX JUL2 1525/1520 Bull Put Spread for $1.00
This has a potential $32,000 profit on $128,000 investment for a potential 25% ROI. I will probably end up taking profits early though if we rally again on Monday as this trade is already up $9,500 from the late Friday bounce. I also think there is a good chance the market sells off one more time and I would like to use that next sell off to open another trade.
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