Credit Spreads

Picking Up Pennies On The Train Track

by

This phrase is a common description for selling high probability defined risk options strategies like credit spreads. With high probability, the capital required and risk is extremely high compared to the reward. The two NDX credit spreads I had left open overnight from yesterday was risking $9,400 to make $600. At the time of opening … Read more

Iron Condors Woke Me Up at 4:45am

by

I woke up super early suddenly. An idea struck me like lightning and there was no way I could stay in bed, let alone stay asleep. Let’s back up. This whole week has been red days on the stock market. I had a ton of put credit spreads open from last week – some I … Read more