With only 4 trading days remaining to expiration all open trades are safe and will be expiring worthless on Friday May 18th. Even the new RUT Bull Put Trade filled last week is safe with only 4 days remaining. The market appears to be returning to a neutral trading pattern when is perfect for Iron Condor trading.
I really look forward to next weekend when I will be executing new trades expiring in June. The NDX 25 point spread trades are continuing expire month after month. The RUT 10 point Bull Put spreads are also expiring each month. My total return this month will be 4.3%. This is a slight improvement from April's 4.2% total return. My goal for the June trades will be to achieve a 5% or better return for the month by completed at least 2 Iron Condors.
What is truly amazing about this conservative trading strategy is that we can achieve a 30 day return that equals the annual (APR) return being advertised for savings accounts with a minimum balance of $50,000.
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