If your a follower of this blog or a follower of my trades you might have noticed I stopped posting trades. That is all about to change starting with this post. I am once again committed to posting the trades I place monthly. The reason for the absence in trade posting is we have been crazy busy preparing for the launch of our new trading platform -- Just not enough hours in the day :(. As we are getting close to the launch of the platform I have more time for posting trades.
As you can see only one SPY put credit spread closed in August. The markets have been very very very flat this year. So getting trade opportunities has been very hard. Hopefully as we head into the fall this will change.
My Trades....Well Trade..... For August 2017
| Ticker | Type | Spread | Expire Date | Open Date | Closed Date | Open Credit | Closed Debit | Profit / Loss |
|---|---|---|---|---|---|---|---|---|
| SPY | Put | 232 / 234 | 9/15/17 | 8/18/17 | 8/31/17 | $0.20 | $0.03 | 8.47% |
Why do I post my trades every month?
I am a big fan of trading options as a form of monthly income. I think selling premium in options over and over again far out performs any other investing / trading strategy that I know of. Yes, we all can make big wins day trading but it never lasts. Almost everyone blows out their account at some point. When placing probability based options trades you know how successful you should be month after month.
With that said -- the reason I share my trades is to spread the success of these types of strategies. My goal is to convince people looking to become day traders to move away from those ideas and embrace these ideas.
There are lots of strategies for selling options premium for monthly income. My strategy is outlined here.
Interested in following along with my trades in realtime? My trades are posted to our twitter feed. Don't forget to follow!!
Don't forget this is just for educational purposes. Please do not blindly follow along. You will not succeed. Learn from what I am doing. Don't be afraid to ask questions. You can email me here: ask@options.cafe.
One last note -- The Profit / Loss includes commissions I paid via my broker Tradier.
Related Topics: Put Credit Spread, Monthly Income, Credit Spreads
