You must have meant May
Nothing on for June
SPX Credit Spread Trader
- Thread starter El OchoCinco
- Start date
You must have meant May
Nothing on for Junewow durable goods report turned the futures:eek: you guys should get your fill of fills today
my guess we will be down...up...down...up....down close sameGot my first fill on my new strategy for one of my IRA accounts.
I've changed it a little from my earlier posts. Strategy is:
1) Bear calls only so as to avoid a black swan event
2) FOTM call spreads the second month out, put on 7 to 8 weeks out.
3) I'm going for a little better credit than posted earlier and will compensate by risking less margin.
Fill: June SPX 1375/1385 bear call at $0.55
20% of the IRA portfolio in this position.
No additional positions will be put on until just after May expiration. At that time I'll look at July bear calls. So after about a month passes I'll have 40% of the account in bear calls spread out over two months.
My goals are to make a good annual rate of return (around 15 to 20% on the entire account amount, not margin risked), obviate the possibility of a black swan event affecting this account, and be further FOTM than my regular account.
I've changed it a little from my earlier posts. Strategy is:
1) Bear calls only so as to avoid a black swan event
2) FOTM call spreads the second month out, put on 7 to 8 weeks out.
3) I'm going for a little better credit than posted earlier and will compensate by risking less margin.
Fill: June SPX 1375/1385 bear call at $0.55
20% of the IRA portfolio in this position.
No additional positions will be put on until just after May expiration. At that time I'll look at July bear calls. So after about a month passes I'll have 40% of the account in bear calls spread out over two months.
My goals are to make a good annual rate of return (around 15 to 20% on the entire account amount, not margin risked), obviate the possibility of a black swan event affecting this account, and be further FOTM than my regular account.