BELIZE - OEX CREDIT SPREAD TRADER WINS 10 th. SUCCESSFUL WINNING STREAK!

BELIZE OEX CREDIT SPREAD TRADER - Week ending July 2nd, 2010.

10 th. SUCCESSFUL WEEKLY WINNING STREAK!

These trades are done on the Thinkorswim Trading platform, in virtual or paper money as a training exercise. Done by a beginning trader in credit spreads, learning the intuitive lessons of experience, through trial and error, before moving into real cash.

10 July CALLS 490/495 @ .40 cents. OEX 474 $400 - $40 = + $360 net

10 July CALLS 475/480 @ .45 cents OEX 466 $400 - $40 = + $410 net
Total MARGIN CASH RESERVES REQUIRED $10,000
Return on investment capital in one week: 7%.

The following IRON CONDOR, despite my rules, was entered on a memo pad, as a trial at the behest of someone claiming success each week with an IRON CONDOR. We tried it and it worked. The three weeks previously it did not have enough premium to make it worthwhile.

10 July CALLS 475/480 @ .45 cents = + $450
10 July PUTS 450/460 @ .10 cents = + $100 Total profit was: $550 - $80 commissons and fees = NET of + $470

We will not consider the IRON CONDOR win, as the trade was not serious, intended only to see what would happen? An experience to be absorbed in the subconcious.

Total return NET PROFIT for the week was therefore: + $770 net