Trade Details: 4 November SPX 2930/2930 Credit Put spread @0.80 credit each 1 November SPX 3720/3730 Credit Call spread @0.90 credit Net Credit: $410 Max Risk: $3,590  43 days to Exp. Profit/Risk Profile      SPX Chart for future reference:   Trade Update - November 10, 2020   Closed entire position   4 November SPX 2930/2930 Credit Put spread @0.10 debit each 0.70 gain per contract. $280   1 November SPX 3720/3730 Credit Call spread @0.45 debit 0.45 gain. $45 Total profit $325 On a $3,590 max risk it, that represents a +9.1% Return on Ri ..read more

Trade Details: 4 November RUT 1280/1270 Credit Put spread @1.00 credit each 2 November RUT 1750/1760 Credit Call spread @0.90 credit each 2 November IWM 175 Long Calls @0.63 debit Net Credit: $454 Max Risk: $3,546 Risk Profile     RUT Chart for future reference:   Trade Update - November 10, 2020     Closed entire trade   This one was a good example of how the market rallied super hard after elections and yet it doesn't dramatically hurt the Elephant, which is still a winner.   4 November RUT 1280/1270 Credit Put spread @0.05 debit each Origina ..read more

Trade Details: 4 October SPX 3025/3015 Credit Put spread @0.60 credit each 2 October SPX 3800/3810 Credit Call spread @1.00 credit Net Credit: $440 Max Risk: $3,560  45 days to Exp. Profit/Risk Profile      SPX Chart for future reference:   Trade Update - October 2, 2020   4 October SPX 3025/3015 Credit Put spread @0.35 debit each (25*4=$100) 2 October SPX 3800/3810 Credit Call spread @0.05 debit (95*2=$190) Total profit +$290 Return on Risk +8.1% Check out Track Record Go to the bottom of this page in order to see the Legal Stuff ..read more

Trade Details: 4 October RUT 1300/1290 Credit Put spread @0.80 credit each 2 October RUT 1750/1760 Credit Call spread @0.90 credit each 1 October IWM 174 Long Calls @0.66 debit Net Credit: $434 Max Risk: $3,566 Risk Profile RUT Chart for future reference: Trade Update - September 30, 2020    Closed position entirely 4 October RUT 1300/1290 Credit Put spread @0.17 debit each (+$252) 2 October RUT 1750/1760 Credit Call spread @0.05 debit each (+$170) 1 October IWM 174 Long Calls @0.04 credit  (-$62)   Total net profit +$360,  +10.1% Return on Risk ..read more

Trade Details: 4 September SPX 2775/2765 Credit Put spread @0.65 credit each 1 September SPX 3490/3500 Credit Call spread @0.90 credit Net Credit: $350 Max Risk: $3,650 50 days to Exp. Profit/Risk Profile SPX Chart for future reference: Trade Update - August 7 Closed Call side 1 September SPX 3490/3500 Credit Call spread @2.10 debit A $120 loss. Put side remains in play, now looking safer and with a $260 credit. Trade Update - August 27 Closed Put side 4 September SPX 2775/2765 Credit Put spread @0.10 debit each Profit of 0.55 per spread for a total of $220 ..read more

Trade Details: 4 August RUT 1250/1240 Credit Put spread @0.80 credit each 2 August RUT 1640/1650 Credit Call spread @1.00 credit each 2 August IWM 164 Long Calls @0.66 debit each Net Credit: $398 Max Risk: $3,602 Risk Profile RUT Chart for future reference: Trade Update - August 7 Closed Call side 2 August RUT 1640/1650 Credit Call spread @1.05 debit each, a 0.05 loss, or $10 2 August IWM 164 Long Calls @0.40 credit each, a 0.26 loss, or $52 Total Loss $62 The Put side remains in play with its $320 credit, enough to overcome this small loss of the Call side Trade Up ..read more

Trade Details: 4 August SPX 2430/2420 Credit Put spread @0.80 credit each 1 August SPX 3340/3350 Credit Call spread @0.95 credit Net Credit: $415 Max Risk: $3,585 56 days to Exp. Profit/Risk Profile SPX Chart for future reference: Trade Update - July 17, 2020 Closed Call side at a loss 1 August SPX 3340/3350 Credit Call spread @3.20 debit Net loss $225 The Put side is still in Trade Update - July 29, 2020 Closed Put side 4 August SPX 2430/2420 Credit Put spread @0.05 debit each A profit of 0.75 per spread.  $300 in 4 spreads. This, combined with the earli ..read more

Entered on Friday May 29 Trade Details: 4 July RUT 1140/1130 Credit Put spread @0.80 credit each 2 July RUT 1590/1600 Credit Call spread @1.00 credit each 2 July IWM 160 Long Calls @0.45 debit each Net Credit: $430 Max Risk: $3,570 Risk Profile RUT Chart for future reference: Trade Update - June 8, 2020 Closed Call side: 2 July RUT 1590/1600 Credit Call spread @3.95 debit each Original credit was 1.00. Loss of 2.95 per spread (-$590) 2 July IWM 160 Long Calls @2.75 credit each Original debit was 0.45. Net gain of 2.30 per contract (+$460) The Call side therefore results in a ..read more

Second June RUT Elephant after the first one was closed Trade Details: 4 June RUT 1030/1020 Credit Put spread @1.00 credit each 2 June RUT 1440/1450 Credit Call spread @1.00 credit each 2 June IWM 145 Long Calls @0.49 debit each 1 June IWM 105 Long Put @1.42 debit Net Credit: $360 Max Risk: $3,640 Risk Profile RUT Chart for future reference: Trade Update - May 26, 2020 Things didn't go well. Getting out at a scratch basically 4 June RUT 1030/1020 Credit Put spread @0.05 debit each (+$380) 2 June RUT 1440/1450 Credit Call spread @4.30 debit each (-$660) 2 June IWM 145 Long Calls ..read more

Trade Details: 4 July SPX 2260/2250 Credit Put spread @0.80 credit each 1 July SPX 3180/3190 Credit Call spread @0.90 credit Net Credit: $410 Max Risk: $3,590 64 days to Exp. Profit/Risk Profile SPX Chart for future reference: Trade Update - May 25, 2020 Closed Call side at a loss 1 July SPX 3180/3190 Credit Call spread @2.45 debit a $155 loss Put side looking safe and still on Trade Update - June 26, 2020 Closed Put side 4 July SPX 2260/2250 Credit Put spread @0.05 debit each a 0.75 profit per spread = $300 Combining the $300 profit with the earlier loss on the Call side of ..read more