Update on Open Trades Expiring in 20 days (May 18th)

All open trades are very safe and should be expiring worthless on Friday May 18th. The RUT Bull Put was not filled by anyone last week so a replacement trade will be sent this week. The market was rising every day last week preventing this Put trade from executing at the midpoint.

All short options are 84 or more points away from the current Index prices. This is a very safe position to be in with less than 20 days remaining.

I want will be executing the following 3 new trades expiring in May next week if possible:

1) RUT Bull Put and RUT Bear Call to complete an Iron Condor and 2) SPX Bear Call to complete an Iron Condor

All April Trades Expired Todayl

All Bull Put and Bear Call Spread trades expired worthless on Friday April 20th. Bull Put Spreads trades on the NDX and RUT Indexes were traded first followed by 1 Bear Call Spread trade on the NDX Index. This NDX Bear Call trade completed an Iron Condor. Bull Put and Bear Call Spreads on the SPX Index and Bear Call Spreads on the RUT Index were to risky this month for this strategy.

The total return this month was 4.2% ($245/$5,835). All credit premiums collected totaled $245 (40+80+80+45) and $5,835 (960+2420+2455) margin was required per contract. If you traded 10 contracts per spread your credits totaled $2,450, 20 contracts $4,900. These are the returns and cash flows I expect to receive consistently each and every month. The return will be higher in months when additional Iron Condors can be completed on each Index. In April we had one Iron Condor completed on the NDX Index. This trade required margin for one side and generated a 5.1% return (80+40/2455). I have posted all the trade details for each trade on my web site's performance page.

New trades expiring in May will be emailed this weekend. I will continue to focus on selecting very safe trades and I already have a few Bull Put trades identified. The NDX 16XX Bull Put and 19XX Bear Call 25 point spread trades have been very profitable and safe these past few months. The Bull Put RUT trades have also been very profitable.

Update on Open Trades Expiring Next Week

All open trades are extremely safe and will be expiring worthless next week on Friday the 20th.

All short options are100 or more points away from the current Index prices. This is a wonderful position to be in with only one week remaining. 50 points away is a very good safety net but 100 points away is even better.

I will be executing new trades expiring in May next weekend after the April options expire.

Update on April Trades Expiring in 14 Days.

All open trades continue to be very safe and have short options 100 or more points away from the current Index prices. I will be looking for a safe RUT Bear Call trade to complete an Iron Condor.The SPX index is not offering any safe trades yet but I am still looking. The SPX Bull Put trade I emailed last weekend was not filled by any subscriber or myself. This Index has been difficult to trade this month.

The NDX index continues to be the best one suited for my trading plan in 2007. The NDX Bull Put and Bear Call trades continue to expire each month. You you have an NDX Iron Condor (Bull Put and Bear Call filled) you are earning 5.1% (3.3% plus 1.8%). I will be looking closely at NDX Iron Condor trades earning 5% or more in future months.

Update on April Trades Expiring in 19 Days.

All open trades are very safe and have short options 100 or more points away from the current Index prices. This markets are trading up and down now with minimal weekly changes. With less than 20 days remaining I will be looking for a safe RUT Bear Call trade to complete an Iron Condor. I might even enter another NDX 25 point spread trade. The SPX index is not offering any safe trades yet but I am still looking.