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Because when i placed the trade on Feb 20th, I was able to get a credit spread of 0.42x100x9 contracts - comission fees

Mmmm food for toughts.....

Oh well, I am back in after selling a bunch of AAPL with a good profit ! So my trades for March are the following: AMZN 1250/1245 20 contracts for a possible profit of 392$ RUT 1420/1410 9 contracts for a possible profit of $365

I surely want to continue, thanks for the tips, greatly appreciated !

Good for you !

It ain’t pretty as you may expect. I had to buy my way out of 2 bull put spread (SHOP & BLK) because things were to risky but not too much lost there. My Bull put spread on RUT 1520/1515 at 21 contracts is ugly and took me by surprise a day i could not get access to my account. Now i am...

Well these days will certainly come back but in the mean time, I try to make the best of the good time. Would you have a better strategy to suggest for that little risky part of my portfolio ?

Sorry Kim I didn't see you post earlier. I am aware of the occasional big lost that can swap my $. I sell my way out when strike get 70% or less OTM and deal with the lost and never go riskier. You have to keep in mind that I use this strategy only on 8% of my portfolio right now. I have 50%...

So the weekly December 29 is expired ! GOOGL960/950 0.40 @ 9 contracts for a profit of 428$ Therefore, December gave me $894 so 3% for the month or 36% annualized !:) And the following goes for January RUT1420/1415 0.25 @ 14 contracts for a possible profit of 330$ AMZN1090/1080 0.45 @ 10...

So all went well for december:D RUT1400/1395 0.19 @ 25 contracts for a profit of 440$ AMZN1060/1055 0.27 @ 1 contract for a profit of 26$ (I just couldn’t get fill on more....:( And waiting for the weekly December 29 GOOGL960/950 0.40 @ 9 contracts for a possible profit of 428$ And the...

So, my November’s options were all winners AMZN 880/875 0.24 @ 25 contracts for a profit of 590$ GOOGL 895/890 0.18 @ 14 contracts for a profit of 232$ RUT 1425/1420 0.22 @ 17 contracts for a profit of 350$ As for december, I was a little late to place my trades and had a hard time to get fill...

Next month, I am thinking of doing my Bull Put Spread on the RUT, a tech Company (GOOGL, AMZN, IBM, etc) and on a Index or ETF or Stock of financial sector. Do you have any good suggestions for options trading in the financial sector ?

I guess, bullish was the way to go !:D

SPX, SPY, RUT and QQQ were very hard to make money on bull put spread this time since margin were very thin.:banghead:

Yes I know, I guest I am bullish on the stock AND on the earning market reaction. Will see what happens.

I am well aware of this possibility if the market crash but otherwise, it is unlikely to happen to all 3 trades. But if it happens, I'll live and keep doing it since it is working 11 out of 12 so far.

I am an happy camper since all my 3 options went well: RUT Putt 1330/1335 0.25 @ 28 contracts for a possible profit of $700 SPX Putt 2335/2330 0.20 @ 23 contract for a possible profit of $460 AMZN Putt 895/890 0.50 @ 13 contracts for a possible profit of $650 Total for October:$1810 Now...

Sorry guys I was on vacations... Here are my option trades I placed for October and things are looking good again:rolleyes: RUT Putt 1330/1335 0.25 @ 28 contracts for a possible profit of $700 SPX Putt 2335/2330 0.20 @ 23 contract for a possible profit of $460 AMZN Putt 895/890 0.50 @ 13...

Actually, I am using the Kelly% I have on my trade in order to choose the % of the bankroll I will use on that trade. If I am following you, you are saying I should be using 50% of that amount ?