The Fed's meeting minutes took the wind out of my REIT and real estate stocks. Let's hope they rebound and get traction next week.
Wednesday's China news didn't help CAT so I had to give back the put premiums and then some on my $85/87.50 bull put spread, netting -41.3% on risked money. That basically negates 2 to 3 good trades. That's the problem with credit spreads - your losses are typically a multiple of your modest gains. I expected the stock to move up and the probability was 60% or better for a winning three day trade, but it didn't pan out.
I covered the AAPL short calls that went ITM, so now I'm back to my June calls.
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