We wrapped up another profitable week with our Options Express trades last week.
It wasn’t the most active week that we have ever had but we were able to close out of winners on SPY and COST.
We also opened new trades on AAPL, CAT, GS, and VXX.
Next Week Outlook
Going into next week, we are positioning our trades for a period of consolidation or even a market pullback. With markets right back to all time highs, we are due for a healthy pullback. With this in mind, we positioned our new trades with a neutral to slightly bearish over the next few weeks.
The beauty of the new trades that we put on last week is
- They all tied up less than $200 of capital per spread
- These trades can be done with all types of accounts sizes
- All 4 of the new trades from last week give us 5 different ways of making money on each trade
Building in layers of diversification is a big part of our trading approach at NetPicks. Using credit spreads in a slow summer time market is a great way to produce consistent profit without needing big volatile movement.
In the video below I highlight our closed trades from last week along with a walk through of our new trades that were initiated on Thursday and Friday. Take a look and feel free to contact me with any questions you might have. Mike@netpicks.com