All Bull Put and Bear Call Spread trades expired worthless on Friday November 16th. I am very committed to ensuring this expiring trend continues. My trading strategy is very conservative resulting in safe credit spread trades earning 3%-8% each. I will strive and complete safe Iron Condor trades earning 5%-8%. My goal for the remainder of 2007 and the 1st quarter of 2008 is to earn a respectable 5% each month. This was accomplished this month.
The total return this month was 5.1% ($270/$5,290). All credit premiums collected totaled $271 (100+60+75+35) and $5,290 (2,400+1,925+965) margin was required per contract. If you traded 10 contracts per spread your credits totaled $2,700, 20 contracts $5,400. This month we had one Iron Condor trade completed on the NDX Index. This trade required margin for one side and generated a return of 6.6% (160/2,400).
New trades expiring in December will be emailed later this weekend. I will continue to focus on selecting very safe trades. I have another NDX Iron Condor trade and RUT Bull Put trade identified. The NDX 25 point Bull Put and Bear Call and RUT 10 point Bull Put spread trades have been very profitable and safe these past few months. With the markets continuing to rise and fall by 100 point and more I will be executing new trades with lots of distance.
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