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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.

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