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SPYDER  
About The Strategy
Buying puts is tough for a lot of people as you are going against how we are taught about investing. We are all fed the story of stocks moving higher. Why then buy puts? Simply because the market trend at times is down and not up.

 

 

 
Terms
Of Use
 
By using this site, you agree to be bound by its terms of use. The full terms of use can be read here. If you do not agree to the terms of use, do not access or use this site.
Nothing presented is financial advice, trading advice or recommendations. Everything presented is the author's ideas only. The author accepts no liability for its use including errors and omissions. You alone are solely responsible for your own investing and trading. There are considerable risks involved in implementing any investment strategies and losses can be large. Trade at your own risk.
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SPDR ETF HEDGE
SPDR S&P 500 SYMBOL - SPY - 2010 trades
ONGOING EVALUATION & TRADE
Back in 1994 I first looked at the various SPDR ETFs. There are SPDR ETFs to cover just about every aspect of investing. I studied the SPDR S&P 500 ETF and felt that the SPY Option premiums were good, but in any stock market downturn, I noticed that SPY Put premiums became elevated quickly. This was the reason I set up the SPDR S&P 500 ETF to hedge my portfolio.

Over the past 16 years I have found the SPY Hedge strategy does a very decent job of hedging my portfolio in a market downturn. I very rarely buy spdr calls as I have found I am not good on timing when to buy calls and sell them. However I find buying puts and knowing when to sell them in stock market downturns, much easier.

Below in the SPDR INDEX I have written 3 articles that discuss the methods I use for my spy trades. They explain the spy options chain, spy trading, spy option prices, spy options expiration and my method for trading either when I am in front of the computer during the day and as such can make spy trades throughout the day, and the method I use when I am away from the computer and cannot follow the stock market during the day. One final article shows how I trade put options using the oscillator. This is my favorite method for trading the SPY S&P 500 SPDR ETF.

SPDR S&P 500 ETF STRATEGIES EXPLAINED:
A) THE SHORT VERSION: 4 Steps using the oscillator
B)
STRATEGY 1: When I can watch the market throughout the day
C)
STRATEGY 2: When I am unable to watch the market during the day


VIEW SPDR ETF TRADES BY YEARS:

SPDR-2011
SPDR-2010

INVESTMENT STATUS
ALL
PORTFOLIOS
INDEX
U.S. STOCKS
RETIREMENT PORTFOLIO
CANADIAN STOCKS

 
CURRENT U.S.
STOCK PORTFOLIO
INDEX

AT+T
CLOROX
COCA COLA
INTEL CORPORATION
JOHNSON & JOHNSON
KRAFT FOODS
MCDONALDS
MERCK & COMPANY
MICROSOFT
NUCOR CORPORATION
PEPSICO
SPYDER ETF
VISA
EXXON MOBIL
YUM! BRANDS

 
Should you find my strategy and ongoing evaluation of this trade of value I hope you will consider a tip for the time I spend detailing out this trade. I have set up a Paypal account for those who would like to donate. Thank you in advance. Remember, nothing on my site is financial advice. They are just my ideas and opinions. Investing is risky and losses can be large. Trade at your own risk. Read the terms of use

 

 

YEAR 2010
Strategy: HEDGE FOR DOWNTURNS IN OVERALL MARKET
 
CAPITAL SET ASIDE FOR PUT BUYING $12,000.00
Income Earned in 2010 $65,409.00

SPDR S&P 500 ETF STRATEGIES EXPLAINED:
A) THE SHORT VERSION: 4 Steps using the oscillator
B)
STRATEGY 1: When I can watch the market throughout the day
C)
STRATEGY 2: When I am unable to watch the market during the day


VIEW SPDR ETF TRADES BY YEARS:

SPDR-2011
SPDR-2010

 

YEAR - 2010
THERE IS NO GOAL WITH THIS TRADE. IT IS A SPDR HEDGE AGAINST STOCK MARKET DOWNTURNS ONLY

STRATEGY USED - BUY SPDR S&P 500 PUTS FOR VERY SHORT TERM, SOMETIMES JUST THE DAY
TOTAL INCOME EARNED TO END OF 2010: $65,409.00

 
SPY
Price at
time of
trade
Value
Jan 22 10 109.90 Bought 30 March 20 spy puts 107 @ 2.25 -( The 107 was an error. I meant to select 109.00) 44.50 (6794.50)    
Jan 25 10 108.20 Sold 30 March 20 spy puts 107 @ 2.72 44.50 8115.50 1321.00 1321.00
Jan 25 10 110.00 Bought 30 March 20 spy puts 110 @ 3.70 44.50 (11144.50)    
Jan 27 10 108.33 Sold 30 Mar 20 spy puts @ 4.15 (All day the market fluctuated and by 2:20 it hit 108.33 and the Put value was $4.62. I put in my stop loss at $4.15 which was the previous days close and was taken out a short while later) 44.50 12405.50 1261.00 2582.00
Jan 27 10 110.01 Bought 20 March 20 spy puts 110 @ 3.65 - (Changed to 20 spy puts as the market seems stronger than I would expect and keeps bouncing off the 108 support. 20 spy puts means a smaller loss if I am wrong.) 32.00 (7332.00)    
Jan 28 10 108.00 Sold 20 March 20 spy puts 110 @ 4.15 32.00 8268.00 936.00 3517.00
Jan 28 10 109.75 Bought 20 March 20 spy puts $110 @ 3.95 - (My sell is at 4.30 on these - good till close of today) 32.00 (7932.00)    
Jan 28 10 108.65 Sold 20 March 20 spy puts $110 @ $4.30 32.00 8568.00 636.00 4153.00
Jan 29 10 109.70 Bought 20 March 20 spy puts $110 @ 3.65 on the bounce in the morning. I have not put a sell in at this time. I am hoping the market will rebound and this is the bottom. I have a stop loss on this at 3.25 to close with a small loss which is not of concern. This is not a position for trading. It is a position in the event of a more severe correction. I have made enough profit on the position to afford me a net debit on this position, but I want to be sure that it is not just a bounce but a firm bottom from which we can move higher. 32.00 (7332.00)    
Jan 29 10 107.20 Sold 20 Mar 20 spy puts $110 @ 5.10 (The market fell through the 108 support, but at this level I would like to take my profit and add it to my cash cushion. Next week could see a much lower market - but you never know, we could get a move higher and set a bottom in - personally I think this is unlikely) 32.00 10168.00 2836.00 6989.00
Feb 1 10 108.87 Bought 20 March 20 spy puts $108 @ 3.10 - Stop Loss is at $2.60 32.00 (6232.00)    
Feb 2 10 109.61 Sold 20 March 20 spy puts $108 @ 2.60 (sold out at my stop loss) 32.00 5168.00 (1064.00) 5925.00
Feb 4 10 108.68 Bought 20 Mar 20 spy puts $108 @ 3.05 My sell is in at $ 3.65 (stop loss at $2.45) 32.00 (6132.00)    
Feb 4 10 107.75 Sold 20 Mar spy puts $108 @ 3.65 32.00 7268.00 1136.00 7061.00
Feb 5 10 106.50 Bought 20 Mar spy puts 106 @ 3.31  (stopped out at 4.30) I started with a stop loss at .50 cents above my price but as the market fell I continued to move my stop loss until I was stopped out at $4.30 32.00 (6652.00)    
Feb 5 10 104.95 Sold on stop loss 20 Mar spy puts 106 @ 4.30 32.00 8568.00 1916.00 8977.00
Feb 8 10 106.68 Bought 30 spy puts MAR20 106 @ 3.15  STOPLOSS set at 2.80 which is just above the high for today at this point and my sell is in at 3.55 which is the low for the day to this point. I will adjust the sell if we really start to move lower but I think most of the selling pressure will be after 3:30 as we move to the close and traders prepare for the next day. 44.50 (9494.50)    
Feb 8 10 105.85 Sold at sell point 30 spy puts 20MAR10 106 @ 3.55
I will reassess tomorrow and put these spy puts back in place.
The CASH CUSHION is now at 10088.00 which gives me more room for putting in my stop loss.
44.50 10605.50 1111.00 10088.00
Feb 24 10 110.59 Bought 30 spy puts 17APR10 110 @ 3.07.
COMMENTS: My stop is in at 2.75 and my sell is presently at 3.50 but I will alter this as the market direction dictates. I am not expecting a severe selloff or anything like that. I do think the market weakness remains and the run up of the last few days has left the market oversold and venerable to any bad news. Remember that I would not recommend this trade to anyone. I have already built up a large cash position of 10,088.00 to Feb 8, so I can afford to be wrong on this position.
44.50 (9254.50)    
Feb 25 10 109.34 Sold 30 spy puts 17APR10 110 @3.67 -
COMMENTS: The market gapped down at the open and my put position which I had a sell in at 3.50 was filled at 3.67. On any bounce I will buy back in.
44.50 10,965.50 1711.00 11,799.00
Mar 26 10 116.88 Bought 20 spy puts 22MAY10 117@ 3.02
Comments:
I could easily be early but yesterday's 120 point advance and then subsequent fall could easily indicate this market is due for a rest. My stop is in at 2.50 and my sell at 3.55. I will adjust as the day progresses.
32.00 (6072.00)    
Mar 29 10 116.98 Sold 20 spy puts 22MAY10 117 @ 2.88
Comments: The market failed to break. I have always found that my own technical indicators are better at calling a market downturn than relying on instinct. While the market looks choppy, my 20-30-50 indicators are not in any danger. I should have stayed with my indicators and waited for the indicators to give that true market down call before buying spy puts.
32.00 5728.00 (344.00) 11,455.00
Apr 19 10 118.76 Bought 20 spy puts 22MAY10 119 @ 2.10
Comments: Overall I think the market needs to pull back and I think there is enough issues that this will happen. I have put my stop loss in at 1.75 and my sell in for today at 2.50. I will move both of these as the market dictates.
32.00 (4232.00)    
Apr 19 10 118.55 Sold 20 spy puts 22MAY10 119 @ 2.50 32.00 4968.00 736.00 12,191.00
May 3 10 119.61 Bought 10 spy puts 30JUN10 119 @ 3.46 19.50 (3479.50)    
May 3 10 119.33 Sold 10 spy puts 30JUN10 119 @ 3.55
It is obvious by stocks such as MCD setting a new 52 week high that the advance/decline ratio is still showing us a market that has some strength. Shortly after buying my spy puts, I watched the market and felt compelled to sell my spy puts as I believe I will be buying them again at a better price. This market wants to rally, even perhaps for just the one day.
19.50 3530.50 51.00 12242.00
May 3 10 120.20 Bought 10 spy puts 30JUN10 119 @ 3.12
Comments: I have bought these at the close of the day. While today's rally looks nice the volume is low for such a move higher. My indicators do not show a market in trouble, but my instincts tell me that the market is too overbought, the debt situation in Europe remains a concern, the rally today is too light in volume, the market needs more time to consolidate before moving higher. It is just a question of timing. I am purchasing spy puts BECAUSE I have a large cash cushion in the event that I am wrong and the market moves higher.
19.50 (3139.50)    
May 4 10 117.39 Sold 10 spy puts 30JUN10 119 @ 4.92 19.50 4900.50 1761.00 14003.00
May 5 10 117.57 BOUGHT 5 spy puts 19JUN10 117 @ 3.22 13.25 (1623.25)    
May 5 10 117.65 BOUGHT 5 spy puts 19JUN10 117 @ 3.20 13.25 (1613.25)    
May 5 10 117.70 BOUGHT 5 spy puts 19JUN10 117 @ 3.18 13.25 (1603.25)    
May 5 10 117.68 BOUGHT 5 spy puts 19JUN10 117 @ 3.19 13.25 (1608.25)    
May 5 10 117.58 BOUGHT 5 spy puts 19JUN10 117 @ 3.21 13.25 (1618.25)    
May 5 10 117.49 BOUGHT 5 spy puts 19JUN10 117 @ 3.29 13.25 (1658.25)    
May 5 10 116.42 SOLD 10 spy puts 19JUN10 117 @ 3.71 19.5 3690.50    
May 5 10 116.37 SOLD 10 spy puts 19JUN10 117 @ 3.75 19.5 3730.50    
May 5 10 116.33 SOLD 10 spy puts 19JUN10 117 @ 3.81 19.5 3790.50 1487.00 15490.00
May 6 10 116.86 Bought 5 spy puts 19JUN10 117 @ 3.72 13.25 (1873.25)    
May 6 10 116.94 Bought 5 spy puts 19JUN10 117 @ 3.63 13.25 (1828.25)    
May 6 10 116.88 Bought 5 spy puts 19JUN10 117 @ 3.70 13.25 (1863.25)    
May 6 10 115.85 Sold 5 spy puts 19JUN10 117 @ 4.20 13.25 2086.75 213.50 15703.50
May 6 10 115.49 Sold 5 spy puts 19JUN10 117 @ 4.53 13.25 2251.75 423.50 16127.00
May 6 10 116.03 Bought 5 spy puts 19JUN10 117 @ 3.90 13.25 (1963.25)    
May 6 10 116.00 Bought 5 spy puts 19JUN10 117 @ 3.93 13.25 (1978.25)    
May 6 10 115.40 Sold 5 spy puts 19JUN10 117 @ 4.55 13.25 2261.75 398.50 16525.50
May 6 10 115.10 Sold 5 spy puts 19JUN10 117 @ 4.80 13.25 2386.75 423.50 16949.00
May 6 10 114.65 Sold 5 spy puts 19JUN10 117 @ 5.24 13.25 2606.75 628.50 17577.50
May 6 10 112.80 Bought 10 spy puts 19JUN10 115 @ 4.20 19.50 (4219.50)    
May 6 10 111.83 Sold 10 spy puts 19JUN10 115 @ 6.23. 19.50 6210.50 1991.00 19548.50
May 7 10 113.50 BOUGHT 60 spy puts 22MAY10 113 @ 2.38 82.00 (14362.00)    
May 7 10 109.80 SOLD 60 spy puts 22MAY10 113 @ 5.02 82.00 30,038.00 15676.00 35224.50
May 7 10 113.05 Bought 50 spy puts 19JUN10 113 @ 4.28 69.50 (21469.50)    
May 7 10 111.40 SOLD 50 spy puts 19JUN10 113 @ 5.87 69.50 29280.50 7811.00 43035.50
May 10 10 116.16 BOUGHT 30 spy puts 19JUN10 116 @ 3.75 44.50 (11294.50)    
May 11 10 115.29 SOLD 30 spy puts 19JUN10 116 @ 4.39 44.50 13125.50 1831.00 44866.50
May 11 10 115.85 BOUGHT 20 spy puts 19JUN10 116 @ 3.93
Comments: The Oscillator does not show this as overbought or oversold. My instincts are telling me we could be moving lower shortly. I would have expected a lower move following the poor performance out of Europe and Asia overnight. I could be quite wrong here though as the S&P has always been an independent market as far as its "mood" is concerned.
32.00 (7892.00)    
May 11 10 115.96 SOLD 20 spy puts 19JUN10 116 @ 3.82
Comments: The market continues to try to churn higher. I have closed my spy puts for a small loss and will wait for the oscillator to show an overbought condition.
32.00 7608.00 (284.00) 44582.50
May 11 10 116.07 BOUGHT 20 spy puts 19JUN10 116 @ 3.81 32.00 (7652.00)    
May 11 10 115.95 SOLD 20 spy puts 19JUN10 116 @ 3.79
Comments: I have included a chart below which shows the SPY since opening. The trend is up and while I remain bearish for the next few days or weeks, today it looks like the market wants to push higher. I will watch during the day and try to pick a point to re-enter by put buying.

32.00 7548.00 (104.00) 44478.50
May 11 10 117.16 Bought 20 spy puts 19JUN10 116 @ 3.22 32.00 (6472.00)    
May 11 10 115.95 Sold 20 spy puts 19JUN10 116 @ 3.95 32.00 7868.00 1396.00 45874.50
May 12 10 117.01 BOUGHT 20 spy puts 19JUN10 116 @ 3.00
Comments: This rally continues to struggle and I believe will pull back. I have my sell order in at 3.50 but I am away from my home today so I have a stop loss in at 3.25. I will be monitoring my positions with my new iphone!
32.00 (6032.00)    
May 12 10 116.55 SOLD 20 spy puts 19JUN10 116 @ 3.25:
Comments: To explain this trade a little further. I bought my spy puts where the blue arrow with X is. I watched my trade for a short while but I had to go out. By then the SPY spy puts were down to around 3.35 near the RED X on the chart below, but the advances versus decliners showed a definite strength. As I was not going to be back in for the rest of the day I put in my stop loss at 3.25 and my sell at 3.50, which was just above the morning's low of 3.60. Shortly after leaving it appears I was sold out as the SPY began to recover. By the time of the fill it seems the SPY was around 116.55 when I was filled.


This is an excellent way to trade the SPY when I cannot watch the trade all day. This is covered in my section below on how I use to trade the SPY when I was working during the day.

32.00 6468.00 436.00 46310.50
May 18 10 114.14 Bought 30 contracts 19JUN10 spy puts 114 @ 3.40 44.50 (10244.50)    
May 18 10 112.77 Sold 30 contracts 19JUN10 spy puts 114 @ 4.39 44.50 13125.50 2881.00 49191.50
May 19 10 112.48 Bought 30 contracts 19JUN10 spy puts 112 @ 3.77 44.50 (11354.50)    
May 19 10 110.72 Sold 30 contracts 19JUN10 spy puts 112 @ 4.61 44.50 13785.50 2431.00 51622.50
May 20 10 109.33 Bought 30 contracts 19JUN10 spy puts 109 @ 4.33 44.50 (13034.50)    
May 20 10 108.68 Sold 30 contracts 19JUN10 spy puts 109 @ 4.82 44.50 14415.50 1381.00 53003.50
Jun 4 10 109.00 Bought 20 contracts 17JUL10 spy puts 109 @ 4.27
Comments: I moved to the Jul put just in case this morning's big gap down is just an overreaction. It will give me long time ro recover should the market pull higher.
32.00 (8572.00)    
Jun 4 10 106.80 Sold 20 Contracts 17JUL10 spy puts 109 @ 5.22 32.00 10408.00 1836.00 54839.50
Jun 7 10 106.85 BOUGHT 20 CONTRACTS 17JUL10 106 spy puts @ 4.08 32.00 (8192.00)    
Jun 8 10 105.08 SOLD 20 CONTRACTS 17JUL10 106 spy puts @ 4.88 32.00 9728.00 1536.00 56375.50
Jun 23 10 109.10 Bought 20 CONTRACTS 17JUL10 109 spy puts @ 2.57 32.00 (5172.00)    
Jun 24 10 107.58 SOLD 20 CONTRACTS 17JUL10 109 spy puts @ 3.46 32.00 6888.00 1716.00 58091.50
Jun 24 10 108.35 Bought 20 CONTRACTS 17JUL 108 spy puts @ 2.44
Comments: Here we are right at 2:00 PM and the market has tried a rally. Easy decision to buy the spy puts here.
32.00 (4912.00)    
Jun 29 10 103.75 Sold 20 CONTRACTS 17JUL 108 spy puts @ 5.08
Comments: This was an easy sell. As soon as the SPY moved below 104.00 I just waited and then put in my offer to sell at 5.00 and then moved it to 5.05 then 5.10 but I was taken out at 5.08. I sold primarily as I believe after so much selling there is bound to be a bounce and I can buy back the spy puts. Remember my goal is to build up my cash cushion and so far it is working out very well.
32.00 10128.00 5216.00 63307.50
Aug 12 10 108.75 Bought 5 CONTRACTS 18SEP10 109 spy puts @ 3.10 13.25 (1563.25)    
Aug 12 10 108.90 Bought 5 CONTRACTS 18SEP10 109 spy puts @ 3.00 13.25 (1513.25)    
Aug 12 10 COMMENTS: On today’s bounce I bought twice into the Spy Sep18 108 spy puts. There are just two things that might tell me that the market is not going to sell off much in the near term – 1) The VIX is not signaling a major selloff coming and 2) Just about everyone is bearish and the market rarely does what everyone believes. Nonetheless sentiment is so bad we could see more selling than anyone expects.
On the other hand the Nasdaq looks terrible. Look at the chart above. 3 gaps lower on each successive day as Technology stocks are badly hit. The market could climb back up and close those gaps or this could be the sign of things to come. I don’t have a clue, but a lot of technical damage has been done to the market in the past two sessions. While we may not pull back immediately, I do believe we are heading lower over the next few weeks. I plan to hold off on more naked spy puts until I see if the VIX moves higher. I will though add to my SPY spy puts on any rally higher from today’s lows.
Aug 17 10 109.10 SOLD 10 CONTRACTS 18SEP10 109 spy puts @ 2.95 19.50 2930.50 (146.00) 63161.50
Aug 17 10 110.20 BOUGHT 10 PUT CONTRACTS 18SEP10 109 spy puts @ 2.55 19.50 (2569.50)    
Aug 18 10 109.10 SOLD 10 PUT CONTRACTS 18SEP10 109 spy puts @ 3.05
Comments: This was an easy sell. With yesterday's big move up I assumed the market could open down, but a one day rally will definitely de followed by more upside and this is options week so I would assume we would move higher this week. I will buy back in on any sign of weakness.
19.50 3030.50 461.00 63202.50
Aug 19 10 108.94 BOUGHT 10 PUT CONTRACTS 18SEP10 109 spy puts @ 3.00 19.50 (3019.50)    
Aug 19 10 107.65 SOLD 10 spy puts CONTRACTS 18SEP10 109 spy puts @ 3.83 19.50 3810.50 791.00 63993.50

Aug 19 10 - Quick overview. I had a few emails just before open this morning asking me about the market ( as the jobs numbers continue to look bad and futures were down ) and how to judge buying spy spy puts for trading. While I have a lot of the details below on this page, nonetheless, here is a look at my trade so far today. I have put a yellow line where I could see the market under stress. At that point the SPY was at 109.20. A few minutes later I bought my spy puts. By then the market had fallen to 108.94. Then look to the volume and the oscillator. The Oscillator shows oversold within a little over an hour later and the volume began to pick up. I sold my spy puts after 12:00 when the market began to recover from the oversold condition. We could move lower from here, but I have brought in some profit and that's what matters. If options didn't expire tomorrow I would have hold my spy puts longer, but most options expiry days can provide unexpected results. It is important to remember that in my opinion it is impossible to pick tops and bottoms and get the "ultimate" return. I look to add small gains to my overall spy put cash cushion which little by little will build protection long term for the risk I have taken with my equities. Other traders will buy spy spy puts on any sign of weakness and hold them over a period of weeks and months as insurance against a steep decline. I am looking for "daily insurance" or insurance for just a few days. As I build my profit I can afford to be wrong sometimes when buying and selling the spy puts, but I have built a cash cushion that I hope will grow to eventually protect against a major decline should that occur. Because I do short term trading of the spy spy puts, this means that should the market fall drastically I will probably not be as well protected as someone holding spy puts long term. However I look to my cash cushion to help me in the event that happens and I am not holding spy spy puts all the way down, but buy and selling short term.
 

Aug 25 2010 105.01 Bought 10 PUT CONTRACTS 18SEP10 $105.00 @ 2.90 19.50 (2919.50)    
Aug 26 2010 106.25 Bought 5 PUT CONTRACTS 18SEP10 $105.00 @ 2.11 13.25 (1068.25)    
Aug 27 2010 105.17 Sold 15 PUT CONTRACTS 18SEP10 $105.00 @ 2.72 25.75 4054.25 66.50 64060.00
Sep 2 2010 108.65 Bought 10 CALL CONTRACTS 30SEP10 $109 @ 2.25
COMMENTS: I put together this straddle for one day only as tomorrow the jobs numbers are released. While I am expecting neutral to slightly better numbers, it could also be a surprise. I have a large cash cushion and as such I can afford to be wrong.
19.50 (2269.50)    
Sep 2 2010 109.25 Bought 10 PUT CONTRACTS 30SEP10 $109 @ 2.40 19.50 (2419.50)    
Sep 3 2010 110.88 Sold 10 CALL CONTRACTS 30SEP10 $109 @ 3.10 19.50 3080.50    
Sep 3 2010 110.18 Sold 10 PUT CONTRACTS 30SEP10 $109.00 @ 2.08
COMMENTS: This is my one day trade to take advantage of the jobs numbers. At the open the market shot up with the news that "fewer jobs were lost than expected". I thought this was interesting as you would believe that what the market would really like to see is jobs added to the marketplace, but the market was poised for terrible news and it wasn't as bad as expect. I sold my calls about 15 mins into the open and my spy puts around 11:10 AM. I have included below a chart to show the trade for the day.
19.50 2060.50 452.00 64512.00
Sep 3 2010:
Trade Chart
 
Sep 22 2010 114.12 Bought 10 spy puts 20Nov10  $114.00 @  3.69 19.50 (3709.50)    
Sep 28 2010 113.27 Sold 10 spy puts 20Nov10 $114.00 @ 4.00 19.50 3980.50 271.00 64783.00
Oct 19 2010 116.73 Bought 10 spy puts 31DEC10  $117.00 @ 4.60 19.50 (4619.50)    
Oct 21 2010 118.98 Bought 10 spy puts 31DEC10 $119.00 @ 4.21 19.50 (4229.50)    
Oct 21 2010 117.66 Sold 10 spy puts 21 DEC10 $119 @ 4.92 19.50 4900.50 671.00 65454.00
Oct 21 2010 117.66 Sold 10 spy puts 31DEC10 $117.00 @ 4.21 19.50 4190.50 (429.00) 65025.00
Oct 28 2010 119.00 Bought 10 spy puts 18DEC10 $119.00 @ 3.68 19.50 (3699.50)    
Nov 3 2010 119.85 STOPPED OUT 18DEC10 10 spy puts @ 2.85 19.50 2830.50 (869.00) 64156.00
Nov 12 2010 120.93 Bought 10 spy puts 31DEC10 $120 @ 2.97 19.50 (2989.50)    
Nov 12 2010 119.77 Sold 5 spy puts 31 DEC10 $120 @ 3.67 13.25 1821.75    
Nov 12 2010 120.10 Sold 5 spy puts 31DEC10 $120 @ 3.35 13.25 1661.75 494.00 64650.00
Nov 16 2010 119.88 Bought 20 spy puts 31DEC10 $119 @ $3.68 32.00 (7392.00)    
Nov 16 2010 117.89 Sold 10 spy puts 31DEC10 $119 @ 4.10 19.50 4080.50    
Nov 16 2010 118.12 Sold 10 spy puts 31DEC10 $119 @ 4.09 (Did this one right at the close). If there is a bounce up tomorrow, I will consider repurchasing spy puts. 19.50 4070.50 759.00 65409.00
             

SPDR S&P 500 ETF STRATEGIES EXPLAINED:
A) THE SHORT VERSION: 4 Steps using the oscillator
B)
STRATEGY 1: When I can watch the market throughout the day
C)
STRATEGY 2: When I am unable to watch the market during the day


VIEW SPDR ETF TRADES BY YEARS:

SPDR-2011
SPDR-2010

 

 

 

 

Disclaimer: There are considerable risks involved in all investment strategies. Trade at your own risk.
Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed or presented are financial advice, trading advice or recommendations. Fullyinformed.com is a private website. Everything presented and discussed are the author's ideas and opinions only.
By using this site, you agree to be bound by its terms of use. The full terms of use can be read here. If you do not agree to the terms of use, do not use this site. The author of fullyinformed.com assumes no liability for topics and ideas discussed, errors and omissions, ads and their content and external links. Any corporate insignia used are registered trademarks of their respective company or corporation and are being used for identification purposes only. All material copyrighted by FullyInformed.com. Reproduction in whole or in part prohibited. Copyright © 2008

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