January is now all finished for me, and it was another profitable month! I had on 3 IC positions for January which all made profits (around $70 to $90 each), and then I tried out that TLT vertical which I exited last night for a loss of $240 - so that means I only ended up with a net $11 profit for the month!! Oh well, better than a loss…
1/1/09 - 50 day IC for February, received $1.45 and risking $1,000 over 50 days.
23/12/08 - Time for a 60 day IC in February, and this time I received $1.60 to risk $1,000 over 59 days.
6/9/08 - This is the second put vertical I sold last night to try and see if I can ride out this massive market and eke out some money, and maybe the beginnings of a nice IC somewhere down the track. I sold this for $1.80 risking $1,000 over 73 days.
4/12/08 - This trade is not going according to plan! So, I decided to roll it out a LOOONG way and up slightly to try and give the market more time to move up. I have rolled it from Dec 08 to June 09, and from 500/490 up to 530/520, all for a cost of $1.30 which means I have not recieved only $0.50 to risk $1,000 over 255 days.
6/9/08 - Wow, this market is huge!! Last night I decided to break my own conviction (of not trading until the elections are over) and dip my toe in the water - I just couldn’t resist the huge RVX reading over 55 and decided to sell a couple of put spreads, one for November and one for December just to see if I could ride this out to maybe make the basis of a nice looking IC somewhere down the track. So, I sold this November one for $1.89 and am risking $1,000 over 45 days.
7/11/08 - There are only 14 days left to expiry, and the RUT price has dropped below the 500 mark again. As a result, I decided to roll this vertical forward from November 08 to January 09 thereby giving RUT more time to consolidate and move slightly higher again. This roll trade was done for $0 plus commissions. There are now 70 days until Jan 09 expiry.
17/12/08 - There are 30 days left until January expiry, and I have decided to roll it up and out, so I have rolled from Jan to Mar, and from 500/490 to 520/510 for a $0.25 credit, meaning I now have the trade on for a total of $2.14 credit.