With just 19 days remaining to expiration we need get all our Bull Put Trades filled. Last week only the RUT Bull Trade was filled. The NDX Index started rising on Monday and did not slow down until Friday. By then our Bull Put trades could not be filled using the minimum credits. I have emailed 2 NDX replacement trades this weekend and one new SPX 15 point Bull Put trade. Bull Put trades are the safest trades so far this month. It is going to be a challenge to complete Iron Condor trades on these 3 indexes if the market keeps rising and it is projected to keep rising. If we would have traded Bear Call trades last weekend we would possibly be adjusting them prior to expiration.
My trading plan requires that I only select safe and conservative spread trades that have a 95% or better chance of expiring. This is only possible with Bull Put trades this month because the market is to bullish to trade Bear Calls. I hope we see a reversal next week for 2 reasons: First, a one or two day drop will allow our 3 Bull Put Trades to be filled and second, the Bear Call spread trades will be safer and tradable. If we can complete an Iron Condor trade the return will double to 6% or 7%. My goal each month is to complete 3 Iron Condor trades, one for each index.
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