We like to explore, educate, and share ideas involving options trading. Come along with us on
our journey to demystify the complex yet rewarding world of options trading.

February 2015 Trades

Here we explore the put credit spread trades I placed on the SPY durning the month of February 2015. This is my primary trading strategy for monthly income. By trading put credit spreads on the SPY I am typically in a trade for 23 days but no more than 45 days.

TickerTypeSpreadExpire DateOpen DateClosed DateOpen CreditClosed DebitProfit / Loss
SPYPut185 / 1872/20/151/6/152/3/15$0.19$0.038.84%
SPYPut184 / 1862/20/151/5/152/3/15$0.22$0.0310.67%
IWMPut106 / 1082/20/151/11/152/4/15$0.22$0.0310.67%
SPYPut189.5 / 191.52/20/151/26/152/9/15$0.17$0.037.65%
SPYPut189 / 1912/20/151/8/152/9/15$0.19$0.038.84%
SPYPut190 / 1922/27/151/27/152/11/15$0.19$0.038.84%
IWMPut106.5 / 108.53/6/151/29/152/16/15$0.24$0.0311.93%
IWMPut103 / 1052/27/151/13/152/19/15$0.21$0.0310.06%

Volatility has been odd lately. Mostly low but a few spikes here and there. When volatility spikes you got to jump in and place trades. Trades are taking much longer to close as well. Since volatility has been low I have not placed many trades to close in March. Lets hope that changes.

Like what you read? Please Share!