#SPXcampaign — This is the time and environment that you can mint money in SPX call spreads. When we bounced off the February lows, many faces were ripped off (still hurts) as we flew higher… but once we got back to 2100, they have been easy to sell above 2130 and easy to take profits or allow to expire. Whenever the market decides to make new highs, we will have plenty of room to roll higher. It is rare for a market to scream higher when it is notching new highs… the pace is much more controlled.

Bought to close $SPX June 24th 2145/2170 call spreads for .20. Sold for 1.35 on May 23rd. This was sold when SPX was down around 2050. It took some heat when we hit the highs of 2016 (2120)… that heat can be tough, and your account will draw down, but stick to your rules and roll higher and longer when you need to. My stop for this was 2125, which was never hit. This week has been my most profitable in months because of the many call spreads that plummeted in value.