#spycraft

STO the Jan 19 260/256 put credit spread at 0.21 and the call side at 272/276 for 0.30 credit. 5 contracts so $255 credit. Goal is about $140 per week for a double in a year. Closing the Jan 5 yesterday was a $160 profit so above the goal so far. We will need some extra cushion for the adjustments.

I closed my Jan 5 IC yesterday, today there are better prices at 0.03 and 0.05. My goal with these is to close them before they can get into too much trouble with the gamma risk. But if you are following up to you whether to close/roll or let expire. I personally have seen too many good profits slip away close to expiration so my plan is a rolling ladder 1-4 weeks out and will close a week or 2 before expiration if I have a profit. I am also looking at my alphashark bollinger band charts to leg in and out, looks flat for a while (momentum sitting right at zero) so opened the IC today 23 DTE.

The account was originally $7140. When it gets to 8k will add a contract, basically every 1k added will add a contract for compounding. Cash value $7555 today so in another few weeks should be able to increase contract size to 6.

No other trades for me until tomorrow and Friday, just need to sit on my hands and let theta decay work its magic.

Chris