4/2/10 – This will be my last trade for the March expiration cycle. I decided to take 2 trades instead of the usual 1, just so I can use up a bit more of my spare buying power. I received $1.23 to risk $1,000 per contract over 42 days.
27/1/10 – Also time for a 50 day IC on RUT – this one did not have very good premiums on offer at all! I only received $1.00 to risk $1,000 over 50 days.
5/2/10 – Closed the calls for $0.15 leaving me with the puts on for a net $0.85 with 42 days remaining.
27/1/10 – Time for a 50 day IC on NDX – I received $3.05 to risk $2,500 over 50 days.
Wow – February is over for me already and we are still in January! Due to holidays here in Australia, family visiting at xmas time, etc, etc, I just did not get the opportunity to put on many positions during the last month or so. As a result, I only had 2 RUT trades on for Feb expiration, and they have now both closed out at my profit targets. Both were winners (albeit small ones!) so I am not unhappy about that.
The new year now starts back into normal routines, so I am looking forward to a slightly more active March expiration cycle.
19/1/10 – Added my first IC for March, and received $1.24 to risk $1,000 over 59 days.
29/1/10 – Closed the calls for $0.15 leaving me with the puts for a net $1.09 credit and 49 days remaining.
Peter