Saturday, June 30, 2007

Update on Open Trades Expiring In July (20th)

With 21 days remaining to expiration all filled trades are safe and should be expiring worthless on Friday July 20th.

We have 4 trades open and one Iron Condor completed on the NDX index. A new Bear Call Rut trade was ordered and emailed this weekend and will complete a second Iron Condor trade with a 8.1% return. I hope to complete the 20 point SPX Iron Condor trade later next week. My goal this month is to have a 6% total return by completing 3 Iron Condor trades. The projected return on al l trades listed below is 5.7% ($302/$5,323 required margin).

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