June 2018 was another winning month for my SPY Put Credit Spread trading strategy. Since IVR has been pretty low closing this many trades was a darn good thing. Just have to be careful to not trade too big. Overall this was a low number of trades for a month -- hence one might want to start increasing trade size. I would not suggest that. A down draw is always just round the corner.
| Ticker | Type | Spread | Expire Date | Open Date | Closed Date | Open Credit | Closed Debit | Profit / Loss |
|---|---|---|---|---|---|---|---|---|
| SPY | Put | 251/253 | 06/15/2018 | 05/08/18 | 06/01/18 | $0.22 | $0.03 | 10.67% |
| SPY | Put | 257.5/259.5 | 06/22/2018 | 05/15/18 | 06/11/18 | $0.23 | $0.03 | 11.3% |
| SPY | Put | 256/258 | 06/29/2018 | 05/29/18 | 06/12/18 | $0.23 | $0.03 | 11.3% |
| SPY | Put | 259/261 | 07/06/2018 | 05/25/18 | 06/29/18 | $0.2 | $0.03 | 9.44% |
As we head into summer we should look at market pasts. The summer is often a random time. We have had big drawdowns, or flat "meh" markets. I always take trades when I have them but try to be aware of the over all direction of the market. Sometimes I reduce trade size in the summer if I am unsure.
Do not forget to enjoy the summer time.....but keep an eye on the market as well.
Related Topics: spy, put credit spread
