JLJ002500
Short

SPY_Trade Journal_Call Credit Spread_Short @ $208

AMEX:SPY   SPDR S&P 500
76 0 4
As anticipated, SPY             reached my "strong sell zone" and even with drop today, could eventually continue further in the zone. I closed my XIV             position two days ago with a +20% gain and yesterday I opened a short SPY             position by selling call option (credit or bear ) spreads. My previous positions have all been expired and this has been the first favorable opportunity this year to open additional positions.

Using VIX             ETFs/ETNs for anticipated shorter term moves (10 - 30 days) and selling credit option spreads when risk/reward is acceptable has work very well thus far.

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