The first month of trading with my new options strategy ended with modest success, as I managed to “thread the needle,” and have the SPY stay within 2 points of itself from last Friday to this Friday: All in all, I added $450 to the bank as the weekly SPY 131 option spreads I sold [...]
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The market’s rise to about 1310 this week meant that I absorbed a small loss on my short term SPY spreads; I sold three January 128 spreads for $2.29 last Friday, and bought them back for $3.08 today, all told a loss of $237.00. I put the position back on with weekly SPY options [...] In the first week of 2012, my new options hedging strategy has produced a raw (not adjusted for commissions) profit of $468, with only 10 minutes spent at the keyboard. The S&P 500 was at 1280 last Friday when I sold three 128 weekly option spreads for $2.28 net each. This Friday the index had [...] A very Happy New Year to anyone who follows Cape Cod Doug, and I hope it will be a good one for you! Obviously, I haven’t been posting here much recently, as my work has overwhelmed me for much of the autumn of 2011, and my trading therefore ground to a halt. A preliminary review [...] |
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