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Posts Tagged With 'options income'

Posted by Martin April 20, 2015

Where is $SPX heading next? I expect down and here is why.

I was wrong many times in predicting the direction of this market. For about five months the market headed nowhere. We are range bound between 2000 and 2100 level with a few over shots which are immediately sold off. Although the overall long term bullish trend is intact, we are undergoing either a huge consolidation Continue reading →

Closing bull put spread against SPX for 11.29% a week early

Closing bull put spread against SPX for 11.29% a week early

We had a bull put spread against SPX which today became worthless and we could close it early. The trade was originally remnants of an Iron Condor we put our on October 21, 2014. The trade didn’t go well originally as our call side 1955/1960 call spread was breached when markets continued their incredible recovery Continue reading →

Closing Bear Call Spread against WYNN one week earlier for 13.79% profit

Closing Bear Call Spread against WYNN one week earlier for 13.79% profit

Today I was able to close my Bear Call Spread against WYNN for a profit. I put this trade on via newsletters on October 16, 2014 with expiration next week. It was a bumpy road during last couple of weeks. I sold a 205/200 call spread and at some point when WYNN reported earnings, the Continue reading →

Trading the markets in phony environment

Trading the markets in phony environment

Many times again and again investors seek the way how to protect their portfolios and avoid losses when markets tumble. Many investors try to balance their investing strategy between safety and returns. An old battle going on again and again. I decided to combine two strategies for this purpose. One aggressive strategy – trading options Continue reading →

Last week call spread against SPX and put spread TWTR ended for a profit

Last week call spread against SPX and put spread TWTR ended for a profit

After losses I suffered a few weeks ago due to mistakes and greed overtrading my account it looks like I was able to stop the madness and turn the tables around once again. Sometimes it happens to traders that they wipe out their accounts. Of course, this wouldn’t happen to a dividend investor as that Continue reading →

New Trade – SPX Iron Condor

New Trade - SPX Iron Condor

As I described in my monthly report, I am slowly building my damaged account back up taking small trades and small income every week. Last week, I opened a few trades against SPX – one bear call spread, and two Iron Condors. All expired worthless and I could keep all premium I received. I will Continue reading →

September 2014 results

September 2014 results

September 2014 was a very bad month to me. It was a month when I destroyed my account once again. I did it back in 2011 and I thought I learned my lesson. Apparently I didn’t. This is what happens when you do not follow rules or have none in your investing/trading. Trading options can Continue reading →

August 2014 results

August 2014 results

Another month passed and it is time to write a report how my chase for financial freedom progressed. I am so desperate to get there as quickly as possible that I study other traders, and keep my account fully invested. I envy some of my fellow investors such as Jason Dividend Mantra and his ability Continue reading →

July 2014 results brought the highest income ever, but net-liq got hammered hard

July 2014 results brought the highest income ever, but net-liq got hammered hard

This month was one of my best months so far. My options trading delivered the highest income in my relatively short options trading history. But I cannot have it yet. The entire month was going well, all my accounts were growing nicely and my trading account was growing bigger every day. Until two days ago. Continue reading →

New trade – Amazon (AMZN) in troubles… and my easy money trade too! Sold some calls.

New trade - Amazon (AMZN) in troubles... and my easy money trade too! Sold some calls.

What was about to be an easy money trade a week ago is about to become a disaster. A week ago I sold a bull put spread expecting Amazon (AMZN) to go higher. Well, I must admit I didn’t expect Amazon would miss it’s quarter the way it did. Right now, AMZN sold off -10% Continue reading →