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In June, I was in a Credit spread: GOOG 10ea. s360p / b350p. Took this to one day before expiration and made $1020. For July I enter a GOOG Credit Spread on 7/7/06..10 ea. s460c/ b470c. Closed the Short side on 7/19 (Opened @ 3.0 closed at .15). I let the 470c that I paid 1.6 for , expire...

Hit my breakeven point this afternoon on GOOG 360/340 put spread. Decided to "Bail Out" with only the commision loss on both sides. One week left on the AUG and it is still trending down toward the 360 support area. Going to sit back and watch it. Monday, I will be watching to see if the...

Well, I may have all my eggs in one basket, for now, but I have set a pre-detirmined point to bail out of the short side. I have done this in the past. Normally I would have went with the 350/340 spread x10, (would give a little more cushion on the downside). I have a standing order to close the...

Well, after a couple months of trading option spreads, I thought I would start posting the trades I have entered into. For the past few months I have set a goal to earn near $1000 per month on a $12,000 account. So far it has been working for me. The stocks I will do spreads on will be...

I saw that news this morning... I was paper trading this as a Covered Call with a ITM LEAP. Was about to pull the trigger next week on the real thing. Standing back and looking for another stock candidate now.

Been watching KCI for a Covered Call play for a week or so... GOOD THING I DID NOT DO IT! Jury verdict on a patent infringement has knock it down about 40% this morning.. KCI ANNOUNCES JURY VERDICT IN PATENT CASE SAN ANTONIO -- (BUSINESS WIRE) -- August 3, 2006 -- Kinetic Concepts...

I'm waiting to see if it takes out the 360 support area that it has bounced off of, back in May...and fill in the gap. Next support would be around 340. If it bounces, I would be willing to go long...for the short term only.

130 to 155 seem to be the rolling pattern for the last 3 months. I am looking at this for an Aug 160/170 call Credit Spread if it gets above 155.

Options Edge has an Excel Options calculator that works fairly well...plus it is FREE. http://www.oedge.com/ You can do most option setups by just manually entering in prices, expriarions, etc.

Normally I do NOT do initiate an option spread in the last week. but with the earnings on Thursday, and all indication looked like it would be close to what was expected, I did not see a 50 point drop in the works. This was a "Gift" for the taking. 350 was too far off, in my opinion, to worry...

Well the object of trading is to "Make a Buck"...Yes, there was a lot of risk for the reward, but the only regret was that I entered the spread a day too early. The 350p was up over a full point yesterday...It looked good at the time, and I took the cash...

"Ching, Ching" sitting at .05 til the EOD. GOOG 350p spread.

Going to sit back and watch it for a while. GOOG has been in a good rolling pattern for the past few months. I am looking for a bounce somewhere down around 350-360s before I get into it again. (my target area to get into a couple LEAPS) CCI (14) going into the Oversold range (below -100) on...

I watch my spread trades rather closely. If there is any movement within 10-15 points of my short side I am ready to buy it back. 360 is a major support for the past couple months. If it breaks that on Thursday I will exit. My breakeven point on this trade is 350...that is 49 point movement in...

Just jumped into GOOG Jul 350p (1.05)/ Jul 340p (.65) spread. Got a Credit from the 350p of $1050, and the 340p cost me $650. This should be about a quick $350 after commission if GOOG stays above 350 by close on Friday. Will watch the activity on this on Thursday afternoon to see if I want...

Just bailed out of the 460c @.15...going to let the Long 470c expire on Fri. (This was just for insurance). Another good month for GOOG Spread.

The 7-10 days is what I have observed to work out for me. This will limit the amount of time I am exposed to the short call and will have the greatest amout of time decay applied each day until exp.....just my opinion...

I agree with volatilitypimp about the calander spread as a better option... Actually you can also you the LEAP option for this too. The advantage is , it acts like a covered call, but with out the large outlay for the shares of stocks. The time decay will be a lot smaller on the LEAP also, as...

Goog has been a good credit spread play for the past couple months. In June I did 360 / 350 put spread...cashed in on expiration. For July I am sitting on a 460/470 call spread...waiting to cash in on this too... After exp. if goog drops around 370, like it did last month, I will set up...

Well. it is close on Friday and 8 days left on the options... My 460c / 470c are sitting pretty good.. .(40/.25). Take off a little time decay for the weekend. Will probably let the the 460 call expire, unless a big move to around 430 or so, but I do not see it getting there.