Update on Open Trades Expiring In August (15th)

Index 7/29/08 Update: We have 3 Bull Put Trades filled with 18 days remaining to expiration on August 15th. I hope to complete Iron Condors later this week. The new Bear Call trades would not require any additional margin so our returns would double.

ETF 7/29/08 Update: We have 3 ETF Iron Condor trades expiring in August returning 5.3%, 5.8% and 5.8% each. The trades are safer and have more distance than my past trades.The markets are still very volatile and prone to wild 200+ daily swings. Most news continues to be negative and the price of oil continues to move the markets up and down.