Take Off Tuesday – 5 More Trades That Make 500% in an Up Market

Here we go again!

We've been waiting to see our strong bounce lines broken and they were shattered yesteday so, as promised, it's time once again to make a few bullish bets – just in case we do take out those pesky highs.  And, even if we don't – we can still make a few bucks, right?  

We were in a similar position on April 14th, when I wrote "5 Trade Ideas That Can Make 500% in an Up Market" and those trades were:

• DBA Jan $23/26 bull call spread at $2, selling $2015 $25 puts for $1.55 for net .45, now $1.40  – up 211%
• X 2015 $15/22 bull call spread at $2.80, selling $13 puts for $2 for net .80, now $1.90 – up 137.5%  
• CLF 2015 $18/28 bull call spread at $3.20, selling $15 puts for $3.10 for net .10, now $1.85 - up 1,750%  
• ABX 2015 $20/30 bull call spread at $2.95, selling $20 puts for $3.30 for a net .35 credit, now -$2.25 - down 542%  
• 7 QQQ Jan $65/$70 bull call spreads at $3.24, selling 1 AAPL 2015 $300 put for $22.50 for net .20, now net $22.35 - up 10,075%  

So, a bit of a disappointment with ABX (which means we DD on that one!) but much more than made up for by our overachieving CLF and QQQ plays.  In fact, ABX is exactly the kind of lagging play we like to make in an upturning market.  

Meanwhile, we're still able…