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Trade Details 2006 thru 2010 |
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2010 |
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Expire Month |
Index |
Credit Spread |
Date Opened |
Credit Collected |
Notes |
ROI Achieved in 30 to 40 days (for most of '08 and '09 it's 30 days) |
Example Cash flow in 30 to 40 days with Hypothetical $50k in maintenance
(risk capital) |
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Jul-10 |
RUT |
570/580 Bull PS |
6/28 to 7/9 |
.80 to 1.15 |
Got under pressure so we rolled it down into the same month for an
average net debit of 35 cents to give us some breathing room. |
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Jul-10 |
RUT |
560/570 Bull PS |
6/28 to 7/8 |
.75 to 1.05 |
Expired profitable |
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Jul-10 |
RUT |
550/560 Bull PS |
6/29 to 7/8 |
.65 to 1.35 |
Expired profitable. We opened a few of these fresh for a higher credit
to cover the cost to roll the July 570/580 into the July 550/560.
Most of these were from rolling down from the July 570/580 for a net
debit of 35 cents. |
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Jul-10 |
RUT |
540/550 Bull PS |
6/29 to 7/6 |
.60 to .86 |
Expired profitable |
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Jul-10 |
RUT |
530/540 Bull PS |
6/29 to 7/6 |
.65 to .82 |
Expired profitable |
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Jul-10 |
SPY |
111/113 Bull PS |
4/27 to 5/5 |
.13 to .14 |
Trade still in play; rolled into Sep 110/112 for an avg. net debit of 58
cents. We'll make this up in Aug and Sep with some fresh bull put
spreads and by completing the iron condor with bear call spreads |
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Jul-10 |
SPY |
110/112 Bull PS |
4/30 to 5/5 |
.12 to .13 |
Trade still in play; rolled into Sep 110/112 for an avg. debit of 49
cents. We'll make this up in Aug and Sep with some fresh bull put
spreads and by completing the iron condor with bear call spreads |
5.0% |
$2,500 |
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Jun-10 |
RUT |
680/690 Bear CS |
6/10 |
.57 to .64 |
Expired profitable; we completed the iron condor for all of our RUT Jun
bull put spreads |
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Jun-10 |
RUT |
640/650 Bull PS |
4/28 to 5/21 |
.45 to 1.20 |
Closed early for a profit; rolled from May to Jun for between zero and a credit of 50 cents; then closed early for avg. debit
38 cents to avoid settlement risk |
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Jun-10 |
RUT |
630/640 Bull PS |
4/28 to 5/21 |
.35 to 1.20 |
Closed early for a profit; even though safe and OTM we closed early to avoid settlement risk
for a debit of 15 to 20 cents debit |
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Jun-10 |
RUT |
620/630 Bull PS |
5/19 to 5/20 |
1.75 to 2.00 |
We brought in a high credit as we felt comfortable with the technicals.
Closed early for a profit to avoid settlement risk
for a debit of 15 cents |
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Jun-10 |
RUT |
610/620 Bull PS |
5/20 to 5/26 |
2.60 to 2.90 |
Expired profitable. Rolled from May where we brought in about 1.20
credit, and then rolled again to June for an additional credit of 1.40
to 1.70, for a total avg. credit of 2.75. |
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Jun-10 |
RUT |
570/580 Bull PS |
5/24 |
1.20 to 1.30 |
expired profitable |
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Jun-10 |
RUT |
530/540 Bull PS |
5/25 |
1.40 |
expired profitable |
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Jun-10 |
DIA |
102/104 Bull PS |
4/28 to 5/5 |
.12 to .13 |
expired profitable; rolled from May 102/104 for a debit of 2 cents |
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Jun-10 |
SPY |
111/113 Bull PS |
4/27 to 5/5 |
.13 to .14 |
Trade still in play; rolled into July 111/113 for an avg. debit of 15
cents. We still show a potential profit of 6 cents, when if
finally expires OTM. |
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Jun-10 |
SPY |
110/112 Bull PS |
4/30 to 5/5 |
.12 to .13 |
Trade still in play; rolled into July 110/112 for an avg. debit of 33
cents. We'll be able to cover this 21 cents loss by bringing
in extra premium in July |
9.5% |
$4,750 |
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Most of our trades
expired OTM and profitable and we only had to roll the SPY bull put
spreads again since the SPY continued to be under a lot of pressure. |
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May-10 |
RUT |
770/780 Bear CS |
4/16 |
(1.00)to(1.75) |
expired out-of-the-money |
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May-10 |
RUT |
740/750 Bull CS Directional Hedge |
4/23 to 4/27 |
debit of $3.10 to $4.60 |
Opened 3 directional bull call debit spreads per 10 RUT 770/780 bear
call spreads to protect them as the market trended UP for 55 days.
We then closed them for a credit of .70 to $1.30. |
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May-10 |
RUT |
640/650 Bull PS |
4/28 to 5/5 |
.40 to .60 |
Rolled to Jun 640/650 for between zero and a credit of 50 cents |
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May-10 |
RUT |
630/640 Bull PS |
4/28 to 5/5 |
.40 to .50 |
Even though safe and OTM, it was expensive to close just before
expiration so we rolled into Jun 610/620 for additional
credit of $1.40 to avoid settlement risk |
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May-10 |
RUT |
620/630 Bull PS |
5/4 to 5/5 |
1.20 to 1.50 |
Even though safe and OTM, it was expensive to close just before
expiration so we rolled into Jun 610/620 for additional
credit of $1.70 to avoid settlement risk |
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May-10 |
RUT |
610/620 Bull PS |
5/6 to 5/18 |
1.15 to 1.45 |
expired profitable |
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May-10 |
RUT |
600/610 Bull PS |
5/6 to 5/19 |
1.05 to 1.35 |
expired profitable |
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May-10 |
RUT |
590/600 Bull PS |
5/7 to 5/19 |
.75 to 1.40 |
expired profitable |
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May-10 |
RUT |
580/590 Bull PS |
5/7 to 5/19 |
.65 to 1.10 |
expired profitable |
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May-10 |
RUT |
570/580 Bull PS |
5/7 to 5/19 |
.55 to .80 |
expired profitable |
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May-10 |
DIA |
102/104 Bull PS |
4/28 to 5/5 |
.12 to .13 |
Rolled into June 102/104 for a debit of 2 cents |
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May-10 |
SPY |
111/113 Bull PS |
4/27 to 5/5 |
.13 to .14 |
Rolled into June 111/113 for a credit of 2 cents |
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May-10 |
SPY |
110/112 Bull PS |
4/30 to 5/5 |
.12 to .13 |
Rolled into June 110/112 for a credit of 3 cents |
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May-10 |
SPY |
107/109 Bull PS |
5/5 to 5/19 |
.14 to .16 |
Rolled into June 110/112 for debit of 1 cent |
0% |
$0 |
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The stock market corrected 12% in 13 trading
days. We moved in reserve cash, kept clicking down to bring in
more premium and successfully protected our risk capital by rolling our
threatened credit spreads into June at no cost or for a credit. We
felt comfortable in clicking down our strike prices as the indexes
declined allowing us to bring in additional premium since the US economy
and corporate earnings are growing and not contracting as they were in
2008. For more information on why we made certain trading
decisions for May please go
here. |
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Apr-10 |
RUT |
720/730 Bear CS |
3/19 |
(1.50)to(3.00) |
under pressure; rolled to May 770/780 Bear CS |
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Apr-10 |
RUT |
650/660 Bull PS |
4/8 to 4/9 |
.35 to .55 |
expired profitable |
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Apr-10 |
RUT |
640/650 Bull PS |
4/4 to 4/9 |
.35 to .60 |
expired profitable |
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Apr-10 |
RUT |
630/640 Bull PS |
3/19 |
.35 to 50 |
expired profitable |
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Apr-10 |
SPY |
121/123 Bear CS |
4/8 to 4/16 |
(.22) to (.30) |
Closed early |
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Apr-10 |
SPY |
112/114 Bull PS |
4/8 to 4/16 |
.11 |
expired profitable |
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Apr-10 |
SPY |
111/113 Bull PS |
4/5 to 4/7 |
.09 |
expired profitable |
0% |
$0 |
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We moved in reserve cash to open extra bull put spreads to cover the
rolls, and opened a butterfly hedge that help offset the loss |
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Mar-10 |
RUT |
690/700 Bear CS |
3/10 to 3/15 |
.45 to .58 |
expired profitable |
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Mar-10 |
RUT |
680/690 Bear CS |
3/10 to 3/15 |
.45 to .65 |
under pressure; rolled to April 720/730 Bear CS |
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Mar-10 |
RUT |
670/680 Bear CS |
3/8 to 3/10 |
.45 to .65 |
under pressure; rolled to April 720/730 Bear CS |
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Mar-10 |
RUT |
560/570 Bull PS |
3/1 to 3/5 |
.53 to .58 |
expired profitable |
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Mar-10 |
SPY |
116/118 Bear CS |
3/1 to 3/5 |
.10 |
under pressure; rolled to April 121/123 |
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Mar-10 |
SPY |
103/105 Bull PS |
1/20 |
.11 |
expired profitable |
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Mar-10 |
SPY |
101/103 Bull PS |
3/1 to 3/5 |
.13 |
expired profitable |
-22% |
-$11,000 |
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The market rallied for 55 trading days forcing us to roll our spreads
into April.
For more info on the new tools that we've put in place to better manage
strong trending markets please go
here. |
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Feb-10 |
RUT |
560/570 Bull PS |
1/20 to 1/21 |
.49 to .64 |
expired profitable |
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Feb-10 |
RUT |
550/560 Bull PS |
1/21 to 1/265 |
.45 to .65 |
expired profitable |
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Feb-10 |
RUT |
540/550 Bull PS |
1/27 to 2/4 |
.51 to .60 |
expired profitable |
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Feb-10 |
RUT |
530/540 Bull PS |
2/4 to 2/5 |
.48 to .56 |
expired profitable |
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Feb-10 |
SPY |
103/105 Bull PS |
1/20 |
.11 |
under pressure; rolled to March for even |
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Feb-10 |
SPY |
100/102 Bull PS |
1/22 |
.15 |
expired profitable |
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Feb-10 |
SPY |
99/101 Bull PS |
1/22 to 1/28 |
.13 to .15 |
expired profitable |
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Feb-10 |
SPY |
98/100 Bull PS |
1/27 |
.13 |
expired profitable |
5.0% |
$2,500 |
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Jan-10 |
SPY |
117/119 Bear CS |
1/4 |
.09 |
closed out on last day for 2 cents prior to Intel releasing earnings
anticipating a market rally |
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Jan-10 |
SPY |
108/110 Bull PS |
1/6 |
.14 |
expired profitable |
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Jan-10 |
RUT |
670/680 Bear CS |
12/30 to 1/4 |
.34 to .40 |
closed out on last day for 10 cents prior to Intel releasing earnings
anticipating a market rally |
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Jan-10 |
RUT |
590/600 Bull PS |
1/7 |
.45 |
expired profitable |
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Jan-10 |
RUT |
560/570 Bull PS |
12/31 |
.39 |
expired profitable |
5.5% |
$2,750 |
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2009 |
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2009 Total Simple ROI |
92% |
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2009 Total Cash Generated |
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$46,460 |
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Dec-09 |
IWM |
65/67 Bear CS |
11/23 |
.09 to .10 |
expired profitable |
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Dec-09 |
RUT |
650/660 Bear CS |
11/23 |
.42 to .57 |
expired profitable |
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Dec-09 |
RUT |
640/650 Bear CS |
12/2 to 12/7 |
.39 to .55 |
expired profitable |
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Dec-09 |
RUT |
630/640 Bear CS |
12/1 |
.59 |
expired profitable |
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Dec-09 |
SPY |
118/120 Bear CS |
11/23 |
.09 |
expired profitable |
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Dec-09 |
SPY |
117/119 Bear CS |
11/23 |
.13 |
expired profitable |
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Dec-09 |
RUT |
500/510 Bull PS |
11/30 |
.51 to .58 |
expired profitable |
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Dec-09 |
IWM |
49/51 Bull PS |
11/30 |
.10 |
expired profitable |
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Dec-09 |
SPY |
99/101 Bull PS |
11/30 |
.13 |
expired profitable |
7.0% |
$3,500 |
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Nov-09 |
RUT |
630/640 Bear CS |
11/11 to 11/16 |
.30 to.32 |
expired profitable |
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Nov-09 |
RUT |
530/540 Bull PS |
11/10 to 11/12 |
.35 to .44 |
expired profitable |
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Nov-09 |
RUT |
510/520 Bull PS |
11/10 to 11/12 |
.45 to .47 |
expired profitable |
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Nov-09 |
RUT |
490/500 Bull PS |
10/30 to 11/2 |
.62 to .80 |
expired profitable |
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Nov-09 |
SPY |
92/94 Bull PS |
10/30 to 11/2 |
.13 |
expired profitable |
6.5% |
$3,250 |
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Oct-09 |
RUT |
520/530 Bull PS |
10/1 to 10/5 |
.49 to .78 |
expired profitable |
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Oct-09 |
SPY |
94/96 Bull PS |
10/2 to 10/5 |
.12 to .14 |
expired profitable |
6.0% |
$3,000 |
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Sep-09 |
RUT |
640/650 Bear CS |
8/25 to 9/16 |
.38 to .55 |
expired profitable |
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Sep-09 |
RUT |
630/640 Bear CS |
9/3 to 9/16 |
.40 to .55 |
expired profitable |
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Sep-09 |
RUT |
620/630 Bear CS |
9/8 to 9/10 |
.37 to .55 |
closed out early for $1.70 to $2.20 debit; immediately rolled up into
the Sep 630/640s for a credit of 30 to 35 cents to bring in more premium
to help reduce the loss |
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Sep-09 |
RUT |
510/520 Bull PS |
8/31 to 9/2 |
.57 to .67 |
expired profitable |
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Sep-09 |
SPY |
110/113 Bear CS |
8/26 to 9/14 |
.13 to .14 |
expired profitable |
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Sep-09 |
SPY |
91/94 Bull PS |
8/27 to 9/3 |
.14 to .16 |
expired profitable |
3.0% |
$1,500 |
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Aug-09 |
RUT |
620/630 Bear CS |
8/4 to 8/7 |
.43 to .45 |
expired profitable |
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Aug-09 |
RUT |
610/620 Bear CS |
8/3 to 8/7 |
.55 to .61 |
expired profitable |
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Aug-09 |
RUT |
510/520 Bull PS |
8/7 |
.45 to .47 |
expired profitable |
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Aug-09 |
SPY |
107/109 Bear CS |
8/7 |
.11 to .12 |
expired profitable |
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Aug-09 |
SPY |
106/111 Bear CS |
8/3 |
.26 |
expired profitable |
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Aug-09 |
SPY |
89/94 Bull PS |
8/11 |
.19 |
expired profitable |
9.0% |
$4,500 |
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Jul-09 |
SPY |
79/84 Bull PS |
7/2 to 7/6 |
.25 to .33 |
expired profitable |
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Jul-09 |
SPY |
78/83 Bull PS |
7/6 to 7/9 |
.23 to .26 |
expired profitable |
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Jul-09 |
RUT |
440/450 Bull PS |
7/2 to 7/4 |
.48 to .50 |
expired profitable |
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Jul-09 |
RUT |
430/440 Bull PS |
7/4 to 7/6 |
.43 to .47 |
expired profitable |
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Jul-09 |
RUT |
420/430 Bull PS |
7/6 to 7/9 |
.44 to .47 |
expired profitable |
4.5% |
$2,250 |
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Jun-09 |
RUT |
570/580 Bear CS |
6/1 |
.42 to .59 |
expired profitable |
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Jun-09 |
RUT |
560/570 Bear CS |
5/26 to 6/1 |
.45 to .64 |
expired profitable |
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Jun-09 |
RUT |
410/420 Bull PS |
5/15 to 5/21 |
$1 to $1.20 |
expired profitable |
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Jun-09 |
RUT |
400/410 Bull PS |
5/14 |
$1.08 |
expired profitable |
14.5% |
$7,250 |
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May-09 |
RUT |
550/560 Bear CS |
4/16 to 4/24 |
.47 to 65 |
expired profitable |
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May-09 |
RUT |
430/440 Bull PS |
5/5 to 5/13 |
.50 to .60 |
expired profitable |
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May-09 |
RUT |
400/410 Bull PS |
5/5 to 5/13 |
.48 to .58 |
expired profitable |
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Note:
All trades were open for 30 days or less |
10.0% |
$5,000 |
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Apr-09 |
RUT |
520/530 Bear CS |
3/23 to 4/2 |
.35 to .45 |
expired profitable |
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Apr-09 |
RUT |
490/500 Bear CS |
3/23 to 3/26 |
.55 to 1.20 |
expired profitable |
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Apr-09 |
RUT |
480/490 Bear CS |
3/23 |
.73 |
closed early to avoid settlement risk for a small profit |
5.0% |
$2,500 |
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Mar-09 |
RUT |
340/350 Bull PS |
2/17 |
.90 |
Under pressure and rolled down into the same month for a loss of 90
cents |
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Mar-09 |
RUT |
330/340 Bull PS |
2/20 |
.73 to .80 |
expired profitable |
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Mar-09 |
RUT |
320/330 Bull PS |
2/20 to 2/27 |
.68 to .83 |
expired profitable |
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Mar-09 |
RUT |
310/320 Bull PS |
2/23 |
.66 |
expired profitable |
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Mar-09 |
RUT |
300/310 Bull PS |
3/2 to 3/6 |
.63 to 2.15 |
expired profitable; we also brought in a higher credit for a short
period of time to cover some of our loss when rolling down our 340/350s |
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Note: All trades were open for 30 days or less |
6.5% |
$3,250 |
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Feb-09 |
RUT |
400/410 Bull PS |
2/6 to 2/9 |
.60 to .65 |
Closed out early for a debit of .90 cents for a 25 to 30 cents loss |
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Feb-09 |
RUT |
350/360 Bull PS |
1/20 |
$1 |
expired profitable |
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Feb-09 |
RUT |
340/350 Bull PS |
1/2 |
.75 to .85 |
expired profitable |
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Note: All new February trades were open for 30 days or less |
6.5% |
$3,250 |
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|
|
Jan-09 |
RUT |
590/600 Bear CS |
1/2 |
.75 |
expired profitable |
|
|
|
Jan-09 |
RUT |
560/570 Bear CS |
1/2 |
.65 to .75 |
expired profitable |
|
|
|
Jan-09 |
RUT |
320/330 Bull PS |
12/15 |
.60 |
expired profitable |
|
|
|
|
|
|
|
|
Note: All new January trades were open for 30 days or less |
13.5% |
$6,750 |
|
|
|
|
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| |
|
2008 |
|
|
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|
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|
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|
|
2008 Total Simple ROI |
33% |
|
|
|
|
|
|
|
2008 Total Cash Generated |
|
$21,500 |
|
|
|