I first highlighted POT here, and I went in with a bullish put spread (180/175) for $1.10 credit. Today I bot it back for $0.23/spread, yielding me nice 22% profit.

Profitable trading, OptionPundit
Credit Spreads, Past Performance

For the OP readers who are watching semiconductor index $SOX, one of the few bright spots in today’s market, $SOX is struggling to cross $490 area. It briefly penetrated $490 but still trading below that. Once $490 is crossed comfortably, it will serve as support area and I may open a bull put spread once [...]

I don’t go too much into the technical analysis except the very obvious ones like support, resistance and fibs. Recall just before the Feb expiration I talked about Google finding support at around 460 area (at the time of writing it was 456), see to to believe yourself here since then Google has risen by [...]

Based on the tip from downtrader’s blog, I decided to play “bullish” direction on Target (TGT). There were two choices; either I could have gone long by buying straight call or via spreads. I chose later and opened a credit spread (Feb 60/57.5 bull put spread for $0.50/$2.00 per spread. I sold it for $0.25 [...]

Credit spreads- Love it or hate it!
Congratulations to all those who witnessed HOLX’s conference call and saw the huge jump in the stock price as the call was going on. Since it was in my list, but I didn’t play earning, I decided to participate as soon as the volume picked up. As I don’t [...]