With 7 days remaining to expiration all filled trades are out of the money and have a good chance of expiring. The Federal Reserve finally took action last week to calm the markets and will continue taking action as needed. We could have an interest rate cut in September which will cause the market to stabilize, be less volatile and possibly start rising again. I will continue to closely monitored the open Bull Put trades next week.
The MSFT Put option trade is still profitable. These 27.5 Put options have a bid of .12 cents. These options brought for $2, or $3, a contract earlier this month can be sold next week for $12 a contact. Please sell these early in the week because the time value of these options will dwindle quickly as each day goes by.
New trades for September will be emailed next weekend after expiration Friday. I will be emailing a new very safe 50 point NDX Iron Condor trade this weekend at the request of a few subscribers who want to be more than 200 points OTM. This is only possible with the NDX index by trading these 50 point spreads.
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