Trade Update - Open Trades Expiring April 20th

The markets are behaving nicely now and seem to be back in a gradual Bullish rise again. So far the only safe Bull Put and Bear Call trades this month are on the NDX and RUT indexes. The first 2 Bull Put trades emailed this month are very safe now and should easily expire in 28 days. The new NDX Iron Condor trade email today (March 24th) has a 5.3% total return. I am researching safe SPX Iron Condor trades and a safe RUT Bear Call trade to complete an Iron Condor next week.

Update of Trades Closed and Expired in March 2007

All Bull Put and Bear Call Spread trades expired worthless on Friday March 16th including the SPX Bull Put spread that we had to close out early when the market dropped 500 over 2 trading days. The RUT and NDX Bull Put Trades had short positions very FOTM when ordered. Fortunately the NDX Bull Put and Bear Call recovery trades expired worthless last Friday. These were risky trades with very high premiums but the trades helped offset some of the losses incurred closing the SPX Bull Put Trade.

The total return this month was a (.07%) loss ($90 debit/$12,430). All credit premiums collected totaled $545 (25+160+230+25+60+45). This was more than offset by the $635 debit required to close the SPX Bull Put Spread, or a $90 debit (635-545). The margin required per contract was $12,430 (975+975+2340+2270++975+2440+2,455).

Because of this loss I have refunded all subscription fees collected between the February and March expiration dates. Look for emails notifications from PayPal about your credits. If you do not receive your refund by March 18th please send me an email.

April will be tricky with a Fed meeting next week, the sub-prime lenders shutting down and China’s recent Interest Rate hike. I will be starting with some very FOTM NDX 25 point spread trades again because these trades have been very profitable these past 3 months. The SPX index is the difficult one to trade. I will also look at 10 or 20 point RUT trades. New Trades will be emailed after the markets close on Monday the 19th. I am going to be very patient and choose very FOTM and safe Bull Put and Bear Call trades. I want to safe on the days the DOW rises and falls by 100-200 points.

Update of Open Trades Expiring This Week

I emailed this weeks HTML update on Saturday 3/10/07. If you are a subscriber and have not received this update please send me an EMAIL .

The markets returned to a normal trading pattern last week by rising and they are expected to keep rising. Those subscribers who have not closed the SPX Bull Put trades should be safe with only 4 trading days remaining. This market is also favorable for all the open Bull Put and Bear Call trades listed below. Subscribers who executed the NDX recover trades collected decent credits to offset their losses. Being FOTM with spread trades is so very important. The NDX and RUT Bull Put trades are still safe even after the massive drop in February. Only the SPX Bull Put trade was at risk and had to be closed early. Also, all Bear Call spreads will be expiring worthless next week which is why I really like completing Iron Condor trades. Only one side of
this trade normally causes any problems.

I also know that some receiving systems stop any emails with attachments so I will have to start sending all Trade Alerts without attachments. I have a separate mailing list to send printable PDF files to so if you would like to be added to this mailing just send me an EMAIL .

Because the SPX trade is costing subscribers $200 - $670
per contract to close I will be refunding all subscription fees collected
between the February and March expiration dates. Look for emails notifications
from PayPal about your credits. If you do not receive you refund by March 16th
please send me an email.

Subscriber Email Alert Process !!!!!!!!!!!!!!

I have been receiving emails lately from subscribers who have not been receiving my Trade Alert emails. After using 3 different automated emailing systems I need to have a process to alert all my subscribers that an email has been sent. I am concerned that my automated emails are being viewed as spam by many receiving systems.

My Blog posts will serve as my alert. I am encouraging all my subscribers to visit this Blog on a regular basis, if not daily, to learn about any new Trade Alerts being emailed. An email subscribers can always expect to receive is my weekly trade Alert Update. This weekly update will always be emailed at the same time each Saturday afternoon.

If you have not received a Trade Alert discussed in my Blog Post you must immediately send me an EMAIL. I will immediately send you the Trade Alert email and add you to a special mailing list.

All subscribers should have received my Trade Alert Update of Open Trades emailed on 3/4/2007 and again on 3/5/2007 at 6AM CST. Both emails were the same using 2 different email systems.

The Bull Market is over but will it continue going lower next week. No one really knows. How the market performs on Monday will set the tone for the week. Who will dominate the market after a 2 days weekend, the sellers or the bargain hunters? Investors have had 2 days to re-strategize. Will they sell shares or buy shares? After watching TV and reading newspapers all weekend I'm not really sure what will happen. That said I have received many emails from experienced subscribers about taking advantage of the uncertainty to recovery some of the cash used to close the SPX Bull Put Spread.

On Friday (3/2) I sent subscribers a Trade Alert to close the SPX Bull Put Spread trade. Included with this alert were 2 new NDX spread trades expiring in March. I have updated this Trade Alert (3/2/2007) to include more details on this NDX Iron Condor trade (highlighted in blue below) that generates significant cash per contract. Both short options are far enough away to make this Iron Condor a safe trade. The SPX Index has no decent bids for any March or April trades that are safe at this time.

Because the SPX trade is costing subscribers a loss per contract to close I will be refunding all subscription fees collected between the February and March expiration dates. Look for emails notifications from PayPal about your credits. If you do not receive you refund by March 16th please send me an email.

If the markets keep dropping this week I will be emailing Trades Alerts to close and roll the NDX and RUT Bull Put Spreads which are currently 51 and 25 points away.