With just 14 days remaining to expiration the open NDX and RUT trades are very safe with distances of 405,195, 170 and 145 points from the closing values last Friday. Even though the market continues to rise I feel our Bear Call trades are safe for the remaining days.
We have an opportunity next week to roll up the NDX Bull Put trade to a new NDX Bull Put trade expiring in 14 days. The NDX index has reached a very high level and is projected to keep increasing after the Fed lowers interest rates next Tuesday. This new trade is posted on the members page. When we can roll one side of an Iron Condor trade we significantly increase the return because we now have collected 3 credits and incurred on small debit.
Later this month the monthly subscription fee is increasing to $59.95 to slow down my growth. I am will be reaching the maximum number of subscribers that I will support for this service in 2008. This new rate will only apply to new subscribers who subscribe with PayPal after the new rates takes effect.
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