I closed my first losing credit spread today. Closed out my $SPY 94, 95 bear call credit spread.
I lost a small chunk, but I am not worried. I am flexible here since I was able to close it out and move into a 95, 96 version of the same trade.
I made it a bigger position than the 94, 95 spread was. If we close below 95.20 tomorrow, then I stand to make more than double what I lost today.
Still holding that SDS spread, even though it's against me. (it's very small)
Ryan
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Just had a JULY 95/99 and 96/100 call spread expire. Have done 18% return in the last 2 months. Not sure what I want to do for August. Will wait till later next week to decide.
I had a 95/99,and 96/100 call spread die today. I have done 18% in the last two months. Just not sure where the market is going at this time. Will wait till later next week to see what kind of position to open.
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