Here is a trade I found today.

83.17% probabiliy of profit and a potential 17% gain.

Sell  Aug 30 Puts at .50 and Buy the Aug 28 Puts at .25.

Total cost: .25 per spread.

If you look at the USO chart, there is some resistance at 31.60 so thi strade should do nively.

What do you think?

Had a good month in April.

Total return was a gain of 11.87%. I put on four trades and all four were winners. We had an Iron Condor on the RUT, a Credit Spread on POT, a not so naked Put on C, and a butterfly on USO.

I expect May will also be a good month. I’ve got three trades on already for May and two are already near the point where I am going to take them off for double digit returns.

My goal is to have a 10% return every month. So far I have come very close. But in the stock market things don’t always go your way. We cannot control the market, we can only adjust to what it does. This month I was fortunate that the market calmed down a bit. The last few months have been insane. As things settle and the VIX (Volatility) continues to [...]