April 28, 2017

Credit Spread Strategy Update – Market Remains Range-Bound

Quick Options Strategy Review I just wanted to remind everyone that I placed my first trade in the New Credit Spread Options Strategy, or should I say Crowder's Credit Spreads. You can check the official trade in the link below. As it stands the credit spread is worth approximately $.48 per contract. I was able to purchase the credit spread in IWM for $.34 so the trade is currently down $.14 per contract. Certainly nothing to worry about at the moment, as the underlying IWM is still 5.1% away from the short strike at 86. Of course, if IWM continues to move sharply higher over the next few days then I might have to take a closer look at potential adjustments. The window dressing advance that typically occurs during the end of each … [Read more...]