Wednesday, July 10, 2013

New SPX trade opened

Opened a new SPX trade:

Sold 325 SPX Jul4 1690/1695 Bear Call spread for .85 credit

This trade has a potential profit of $27,625 on a risk of $134,875. This would be a 20.4% ROI with a little over two weeks left.

I feel the market is due for another pull back or at least will trade sideways here for the next week or so.

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