Sunday, April 29, 2007

Update on Open Trades Expiring in 20 days (May 18th)

All open trades are very safe and should be expiring worthless on Friday May 18th. The RUT Bull Put was not filled by anyone last week so a replacement trade will be sent this week. The market was rising every day last week preventing this Put trade from executing at the midpoint.

All short options are 84 or more points away from the current Index prices. This is a very safe position to be in with less than 20 days remaining.

I want will be executing the following 3 new trades expiring in May next week if possible:

1) RUT Bull Put and RUT Bear Call to complete an Iron Condor and 2) SPX Bear Call to complete an Iron Condor

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