Credit Spread Calculator - a useful tool

The credit spread calculator confirms the profit, profit percentage and the break even point of a trade.

Income Trader offers a free one.

Here it is - (Click on it to go to the site)

This very useful tool helps the beginner in figuring out if the proposed trade will be profitable and what the break even price is. I highly recommend using this tool until you get a complete handle on trading credit spreads.

Also the markets bounced off support today so we are still in a holding pattern for the near term the trend is neutral or sideways. We will have to wait and see what happens especially to the DOW it is caught between two moving resistance/support lines, the 30dma and the 200dma. This will squeeze the DOW building up pressure so when it breaks either support or resistance it should do so in a big way. The other two major markets I follow (NASDAQ and S&P 500) have soft support lines so there will be no pressure build up but they should follow the DOW if it decides to break.

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