Sunday, July 8, 2007

Update on Open Trades Expiring In July (20th)

With only 14 days remaining to expiration all filled trades are safe and should be expiring worthless on Friday July 20th.

We now have two Iron Condor completed on the NDX and RUT index's. Completing the 20 point SPX Iron Condor trade is difficult with the SPX index rising week after week. I will continue to research safe Bear Call trades next week and if the SPX index has a few down days I should be able to order and email a safe trade. If I can complete 3 Iron Condors I will achieve a 6% total return for the month. The projected return on al l open trades listed below is 5.7% ($302/$5,323 required margin).

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