Sunday, January 6, 2008

Update on Open Trades Expiring In January (18th)

With only 12 days remaining to expiration our Bull Put trades become risky due to the sudden drop in the markets last week. This caused us to employ risk management strategies this weekend to adjust these trades when the markets open on Monday. We are rolling the January Bull Put trades to new Bull Put trades expiring in February. This strategy buys more time for the market to settle down and maybe rise again. Earnings reports and lower interest rates could positively impact th markets prior to the expiration of these new trades which we want to expire worthless.

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