Update on Open Trades Expiring In July (20th)

With only 7 days remaining to expiration all filled trades should be expiring worthless on Friday July 20th. We have one open trade with a short option price that is close the Index price. The NDX Bear Call spread is 33 points away from the closing 7/13/2007 NDX Index price. I will be sending Trade Alerts next week along with updates in case we have to close and roll this trade. I have been reading market commentaries after last weeks record close. The majority say the Bulls stepped in and overtook the Bears but the Bears should return. If the Bears return next week and cause a market sell-off our Bull Put Trades will still be very safe and will expire on Friday.