BELIZE OEX CREDIT SPREAD TRADER NOVICE

OEX SPREAD TRADING RESULTS FOR WEEK OF JULY 12 th to 16th.
12 th. WINNING WEEK

40 July PUTS 480/475 @ originally .30cent limit. It was closed early when threatened and resulted in losing some of the $1070 gain expected. End result was + $339 WIN! Return on margin investment of $20,000 was 1 1/2 % for the week.
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Trouble was again experienced with learning how to CLOSE A SPREAD on the Thinkorswim web based platform. Live Help people closed the spread for me. Until next time, I try a new set of instructions on how to CLOSE a SPREAD.
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SUMMARY SO FAR FOR THREE MONTHS:

MAY 2010 I had 16 winning spread trades using two brokerage accounts that overlapped somewhat on similar trades. I was testing methodology and learning. Neglected to record winning amounts.

JUNE OPTION MONTH was 4 winning trades earning + $1457
Trade size and margin varied, but averaged 14% for the month return

JULY OPTION MONTH was 3 winning trades earning + $1000
Trade size and margin varied, but averaged 5% total for the month return.

In two months therefore we earned + $2457 NET after commissions and fees. TAXES not calculated because we don't know what they are to be?
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I have been raising trade size gradually, to see what would make the best earnings. This coming week, we will probably do between 50 and 60 contract sized trades starting with August OPTION month. Trying to get into a boring monotonous rhythm here.
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