EXBD Sept Bull Put Spread

Despite its low MACD and STO, the stock is still solid. I decided to purchase the $75/80 bull put spread for a credit of $1.30. The return is 35% (1.3/3.7). Breakeven point is $78.70.

UNH Sep Bull Put Spread

UNH is likely to stay on top of $50. I purchased a bull put spread of $47.5/$50 for a return of 11% (0.25/2.25). Breakeven point is $49.75.

USNA Sep Bull Put Spread

USNA is doing well despite market downturn for 2 days in a row. I decided to buy $45/$50 bull put spread for a return of 28% (1.1/3.9). Breakeven point is $48.9.

EXBD Sep Bull Call Spread

The stock is above $75. It is safe to buy a bull call spread of $70/$75 with a return of 8.6% (0.6/4.4). The breakeven point is $74.4.

Hold on Buying stocks

Market is downtrending. USNA is doing well, but it is in a downtreding market. The price of the stock jumped by a great amount. Despite such, it is cautious to buy. I need to watch the stock for a few days to see whether it will go down. For now, it is not very wise to buy any bull spread. As for EXBD, MACD and STO are showing negative signals, but it is still above $75 resistance. It should be fine to go ahead and purchase a bull call spread.

Lesson: HOV turns sour

Again, I thought the stock would turn, but it looks like it will not. At least, it will not in the near future. There is no time for emotion. Once the stock goes below 50%, I must sell. It is better to lose 50% than everything.

Lesson: Buy and Sell Credit

To buy or sell a credit spread, always enters a negative number.

Auguest HOV Bull Call Spread

I am betting HOV is going to hop above $70. I decided to buy a HOV Bull Call spread of $65/$70. Return is 45%(1.55/3.45). Breakeven point is $68.45.