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January 2015 Trades

Here we explore the put credit spread trades I placed on the SPY durning the month of January 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 187 / 189 1/17/15 12/25/14 1/3/15 $0.23 $0.03 11.30%
SPY Put 191.5 / 193.5 1/17/15 1/5/15 1/8/15 $0.17 $0.03 7.65%
SPY Put 192 / 194 2/17/15 12/18/14 1/9/15 $0.21 $0.03 10.06%
SPY Put 193.5 / 195.5 1/30/15 1/2/15 1/23/15 $0.22 $0.03 10.67%
SPY Put 181 / 183 2/20/15 1/14/15 1/26/15 $0.18 $0.03 8.24%

January has been an odd month. Volatility has been high with the SPY staying in a trading range (200 - 206 ish). Due to this market condition many of the put credit spread trades have not closed. Currently I have 6 open trades. You can follow the trades in real-time using #StockpeerTrades.

Beware this higher volatility might be a new normal. I think 2015 is going to have a fair amount of volatility. This is great for premium sellers. I am looking forward to trading this year.

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