Update on Open Trades Expiring In October (19th) - Only 5 Days Remaining

With only 5 days remaining to expiration all filled and open Bull Put trades will be expiring with lots of distance on Friday the 19th. Because we had no Bear Call spreads filled this month we had no trades to adjust. The market continues to rise every week with no end in sight. Bull Put trading is the only safe strategy this month and probably next month. If the market does settle down to a normal trading pattern we should be able to complete one or two Iron Condor trades next month. It's always better to receive 2 credits for one margin requirement. This is how we can achieve a 5% - 8% return. When we cannot complete an Iron Condor trade our returns will average 3% to 4%. This is the case this month. All the open Bull Put trades expiring this week have returns ranging from 2.6% to 4.2%. If we could have completed Bear Call spread trades the returns would be 5% to 8%. This is a very unusual month and until the market stops rising Bull Spread trading will be the norm. My strategy is conservative and safe so please be patient about earning higher returns. The markets will return to a neutral trading pattern and when they do both the Bull Put and Bear Call trades will be be safe again.