Saturday, May 26, 2007

Update on Open Trades Expiring In June (15th)

With 21 days remaining to expiration all filled trades are safe and should be expiring worthless on Friday June 15th.

We are having trouble getting the RUT Bull Put Trades filled but the replacement 750/740 trade I emailed 5/24/07 still has the potential to be filled next week if the RUT has a down day. When this Bull Put trade is filled I will research a safe RUT Bear Call Spread trade to complete an Iron Condor.

I now have 2 very safe and financially rewarding NDX Iron Condor trades in play. The 25 spread trade has been filled and has a 5.5% return. The new 10 point NDX Iron Condor trade has an even better return of 6.4% and only requires $1,000 margin per contract. Each month I will research both the 25 and 10 NDX spread trades and more than likely trade both. In previous months the premiums offered on the 10 point NDX spreads were very low. For some reason the premiums this month are very good and with only 21 days remaining I expect this to be a very safe expiring trade.

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