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.
|Ticker||Type||Spread||Expire Date||Open Date||Closed Date||Open Credit||Closed Debit||Profit / Loss|
|SPY||Put||185 / 187||2/20/15||1/6/15||2/3/15||$0.19||$0.03||8.84%|
|SPY||Put||184 / 186||2/20/15||1/5/15||2/3/15||$0.22||$0.03||10.67%|
|IWM||Put||106 / 108||2/20/15||1/11/15||2/4/15||$0.22||$0.03||10.67%|
|SPY||Put||189.5 / 191.5||2/20/15||1/26/15||2/9/15||$0.17||$0.03||7.65%|
|SPY||Put||189 / 191||2/20/15||1/8/15||2/9/15||$0.19||$0.03||8.84%|
|SPY||Put||190 / 192||2/27/15||1/27/15||2/11/15||$0.19||$0.03||8.84%|
|IWM||Put||106.5 / 108.5||3/6/15||1/29/15||2/16/15||$0.24||$0.03||11.93%|
|IWM||Put||103 / 105||2/27/15||1/13/15||2/19/15||$0.21||$0.03||10.06%|
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.