More losses this month for our Put Credit Spreads strategy. Mainly a losing trade that was put on in 2018 and crossed over. I think the markets are calming down and we will start to draw back up.
Spicer's Trades
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Wow! What an unfortunate month for Put Credit Spreads. Afraid this month returned all my yearly gains and then some. A bit of a disappointing way to end the year. We know months like this will happen.
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Well, finally an engaging month. 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.
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With October 2018 completed we move on to November. Again this was a little bit of a boring month as we only closed one trade. We do have some trades on the board that will close in November.
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With September 2018 over we look forward to autumn. This was a little bit of a boring month as we only closed one trade. We do have some trades on the board that will close in October.
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With August 2018 in the bag we look forward to September. Traders leave their Hamptons pads and get back to work. My SPY Put Credit Spread trading strategy only closed one trade this month. Hoping for a creep up in IVR next month.
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July has come and gone. We partied for America's birthday and closed a few profitable trades! Darn good month! My SPY Put Credit Spread trading strategy continued to do well.
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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.
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May 2018 was a winning month for my SPY Put Credit Spread trading strategy. It felt good to lock away some winning trades after last month.
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April 2018 was a losing month for my SPY Put Credit Spread trading strategy. While these months are never fun they serve as an opportunity to remember to be humble in this trading strategy.
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Here we explore the put credit spread trades I placed on the SPY durning the month of March 2018. 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.
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Volatility is back! Seems the day of the market just creeping up every day are over. In February 2018 the market tanked creating tons of new opportunities for entering Put Credit Spread trades. Sadly, we took some losses but in this post I explain that is not a bad thing.
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In January 2018 the markets where pretty stable -- Well stable in the eyes of an options volatility trader. It was not until the end of January when the market made a turn and volatility came back into the market. I opened a few trades in January 2018 but none closed.
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Options traders in December were laughing like this kid all the way to the bank! Well maybe not really. No retirement plans just yet. After a bit of a dry spell I closed 2 put credit spread trades. This month is a good example of why you never second guess your strategy. You will notice I put on 2 spreads a day apart with nearly the same strikes prices and the same expiration.
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If you are an options volatility trader November was a boring month. I opened 2 put credit spread trades in November -- none closed. We will look at these closing trades in December.
We are in sit and wait mode. Just like this dog......
