With just 5 days remaining to expiration all filled trades are out of the money expect the Bear Call NDX Roll Trade which was closed and rolled to an October NDX 25 point spread last week. The 50 point NDX Iron Condor trade is very safe with short options 400 and 175 points away from the current index value. The SPX and NDX Bear Call trades will be monitored carefully next Tuesday. The market is expected to rise if the Fed increases rates by 50 basis points. If the increase is only 25 basis points the market could go lower due to investor disappointments. It will be another very volatile trading week with the market making wild swings based on the Feb decision.
New trades expiring in October will be emailed on Saturday 9/22/07 after these September trades expire on the 21st.
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