WHAT WE DO? WE SELL OPTIONS FOR INCOME. WE USE THAT INCOME TO BUY DIVIDEND GROWTH STOCKS!
CHECK OUR TRADES ON OUR MeWe PAGE!


Bull Put Spread against SPX expired for 6.38% profit

Although yesterday the trading looked dramatic, no actual drama has happened today and our SPX bull put spread we put out on Wednesday with strikes at 2080/2085 expired worthless for a full profit of a received credit (our subscribers and I realized 6.38% profit this week). If we will be able to maintain such profit every week, our trading might end at more than 300% profit for the year.

Let’s see if that happens.

Below is the summary chart of my SPX weekly expectations – at the beginning of the week up to yesterday’s and today’s trading. I was wrong on volatility but was right on the max high level of the market calling it $2118 while we hit $2119 mark.

SPX predictions

Volatility dried last week making this an easy trade. Let’s see what we can expect next week. There is one thing for sure – the trend weakened significantly and from the short term perspective we are looking at possible reversal and retest of $2100 price level next week.

We will see on Monday and Tuesday next week. We may open a new trade either on Tuesday or Wednesday next week.
 





Leave a Reply

Your email address will not be published. Required fields are marked *