Monday, October 01, 2007
SELL the Ocotber 2007 SPX 1585 Call option and BUY the Ocotber 2007 SPX 1595 Call option for a credit of $1.00.
(Due to market volatility there was no puts placed to eliminate downside risk).
Green zone between 1580 and zero.
A successful $10,000 trade will make $1,000.
Result: Win - Green Month
(note: the previous play on the WHR condor was closed for a small loss of $25 per contract placed. Therefore the net profit for the month on a $10,000 account was $750)
(Due to market volatility there was no puts placed to eliminate downside risk).
Green zone between 1580 and zero.
A successful $10,000 trade will make $1,000.
Result: Win - Green Month
(note: the previous play on the WHR condor was closed for a small loss of $25 per contract placed. Therefore the net profit for the month on a $10,000 account was $750)
# posted by Paul @ 11:12 AM 
