November Trades

The market is projected to continue dropping the remainder of 2008 and into 2009. The cost to short this market (buy put options) is very expensive. In the past we could buy put options for $10 and less each. Now the farthest away put options are $30. This months trade is a RUT Bear Call trade that expires in 27 days. If we can get this trade filled early next week before a major drop then we could have a very safe trade that expires. Also, I am only trading one index on the call side this month. Since all the indexes are moving in tandem now it only makes sense to trade one index. I have received many emails requesting fewer trades so now is a good time to start. Plus we will reduce our trading fees processing one spread trade, or one Iron Condor trade when they are safe, each month.