Super Bowl Sunday

Well it is Super Bowl Sunday  and I am just like you preparing for the big  game so I will keep this short ant to the point.

Just how did SLOW MONEY OPTIONS do for the week?  Weekending 2/1/2013.  It is getting harder to find good trades I need to settle down and  to keep the consistency going.   I traded AAPL 480//485 call  spread @ .04 credit and the AAPL 435/440 put spread @ .05 credit. Both trades were perfectly successful. I also traded the SPY 147/147.5 put spread @ .03 credit perfect worked like it is supposed to.  But I also sold the SPY 151/152 call credit spread @ .04 credit and it hit one of my rules.  I sent out a reminder that this is what I am doing: buying back the SPY 151/152 @ .07 and selling the 152/152.5 @ .03 credit.  So what just happened. Well as it turned out I could have left the 151/152 spread alone and it would have expired, but Ii have rules and I try to keep them so when that spread was double I bot it back and roll the price out with the expiration still the same.  My thoughts were better to be a little scared but conservative that not and I still netted 4% on that overall trade.

Remember always do the more conservative spread is the reason that I give you choices.  What I do is take all my recommendations just split the money between choices. You can trade just enough to give you an extra days results of trading or trade enough to give you a weeks worth of trading.  The choice is yours take responsibility.

I am trading weekly options to help you grow your portfolios a little each week. We are either making money or not losing money.  Thank you for letting me serve you, I consider it a privilege to work with each of you.  I strive to make a successful trade one week at a time.  Your results may vary. 

 Are you making money? If not why not trade with me. Remember the goal is to make money NOT lose money . . . Duh . . . . . . . Take a look and see how Slow Money Option Trading went https://docs.google.com/spreadsheet/ccc key=0AjgjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&authkey=COb7xdMJ

Remember if your not a paid up member of the Fast MoneyTradingTeam you will not get the weekly Slow Money Option recommendations. Yes, I expect to publish Wednesday,Thursday or Friday my weekly option trade to the paid up members.