Well, finally an engaging month for Put Credit Spreads. Afraid the engagement was in the wrong direction. In November we took some losses. Not a big deal since we have had so many winning past months. However, losses are never fun.
| Ticker | Type | Spread | Expire Date | Open Date | Closed Date | Open Credit | Closed Debit | Profit / Loss |
|---|---|---|---|---|---|---|---|---|
| SPY | Put | 263/265 | 11/05/2018 | 10/19/18 | 11/02/18 | $0.22 | $0.03 | 10.67% |
| SPY | Put | 269/271 | 11/16/2018 | 10/08/18 | 11/15/18 | $0.2 | $0.4 | -11.1% |
| SPY | Put | 274/276 | 11/16/2018 | 10/04/18 | 11/16/18 | $0.22 | $1.4 | -66.28% |
| SPY | Put | 253/255 | 11/30/2018 | 11/20/18 | 11/27/18 | $0.21 | $0.03 | 10.06% |
This month was a good month for learning to deal with losses. As you can see from my trades some of my positions took big percent losses. Since I trade rather small this does not matter much. Yes, it erases many months of gains but this is how the strategy goes. We call this a drawdown period.
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Related Topics: spy, put credit spread
