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My SPY Put Credit Spread Trades For November 2018

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.

TickerTypeSpreadExpire DateOpen DateClosed DateOpen CreditClosed DebitProfit / Loss
SPYPut263/26511/05/201810/19/1811/02/18$0.22$0.0310.67%
SPYPut269/27111/16/201810/08/1811/15/18$0.2$0.4-11.1%
SPYPut274/27611/16/201810/04/1811/16/18$0.22$1.4-66.28%
SPYPut253/25511/30/201811/20/1811/27/18$0.21$0.0310.06%

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

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