Saturday, November 10, 2007

Update on Open Trades Expiring in 4 days

With just 4 trading days remaining to expiration the 4 Bull Put and 1 Bear Call filled trades are still safe and out of the money now and should easily expire worthless with short option strike prices 109, 72, 52 and 316 points away from the current index values. If the markets keep trending down next week we will have to adjust one or more of the Bull Put trades. I will be pro-active and email adjusting trades when the Index price is within 20 points. The NDX and RUT indexes are slower moving than the DOW and SPX so with a few up days next week our Bull Puts should be expiring.

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