Last Trades for 2009 Expired Wortless

Our last trades for 2009 expired worthless last week earning a very respectable 7.5% and 8.7%

I am very pleased with our YTD returns for 2009 and want to repeat this performance in 2010. We had 2 losing months that were more than offset with some winning monthly returns in the 8% range. I am also excited that our returns for 2009 was achieved with only 14 trades for the entire year. This means our trading costs were very low and should not be impacting our annual return percentage very much.

New Trades Expiring in December

We have one month remaining. I want to finished with a conservative RUT and IWM Iron Condor trade earning 7.5% and 8.7%. I suspect the markets to fluctuate up and down in December with good and bad economic reports and sales reports from the Retailers.

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New Iron Condor Trades Expiring in November

We now fave filled RUT and IWM Iron Condor trades earning 8% and 17% for a 30 day period. These trades are very safe with 12 days to expiration. The markets were dropping early in the week but recovered nicely and finished up for the week. There is not a lot of financial news over the next 2 weeks so the markets should be less volatile which is perfect for our trading strategy.

October Bull Put Trades

Our open Bull Put trade will safely expire worthless this week on Friday the 16th. I really like earning 6% and 4% for a 30 day period trading credit spreads. This is easy money as long as we do not have more market crashes like we experienced in 2008. I will be emailing and posting to the members page a new trade expiring in November this weekend.

September Bull Put Trades Expired Worthless

All our Index and ETF September Bull Put trades expired worthless last week earning 8.1% and 5%. The markets rose every week after these trades were filled. I expect the markets to continue rising so we will continue trading Bull Put trades.

August Trades Expired Worthless

Fortunately the RUT Index final set was 576.88 so those subscribers who did not exit the call side of our Iron Condor trade were lucky and all their options expired worthless. But since the index did exceed our exit price of 570 earlier in the month many subscription exited the call side for a loss. By exiting early we eliminated any risk of being ITM (in the money) at expiration. Subscribers who also traded the 480/490 Bull Put were rewarded with an additional 5% return. Going forward when the market moves in one direction I will move up a spread trade to earn additional credits like we did this month with our Bull Put trades.

July IC Trades Expired Worthless on 7/17/2009

Our open July Iron Condor Trades expired last week earning 3.3% and 8.1%. On top of the 5% to 8% returns we earned with our June and May RUT Iron Trades we have a very high return for 3 months that will rival anyone's 12 month return for all of 2009.

New Iron Condor Trades Expiring in July

Our new Iron Condor trades were filled quickly on Monday June 22nd when the market dropped. I expect the market to keep going up and down for the next 4 weeks. Many companies will start reporting their 2nd qtr earnings. Some earnings will be good and some bad and some will be big surprises. This will cause the markets to see saw up and down.

April and May Iron Condor Trades Expired Worthless

We have a very good 2 month trend with our RUT and IWM Iron Condor trades expiring worthless earning 4.2% and 8.1% in April and 8.1% and 8.7% in May. Our June RUT and IWM Iron Condor trades should continue this trend earning 7.5% and 9.3%. The markets are rising and falling each week but not changing much from month to month.

The RUT Index changed only 4 points during the May (479 to 475) option expiration cycle. The IWM Index did not change at all in May. This makes for a perfect market for trading Iron Condors.

New Iron Condor Trades Expiring in May

Our April RUT Iron Condor trade expired worthless on 4/17/2009. This trade earned 4.1 % for just the 13 days the trade was open.

Our new Iron Condor for May will return 8.1% when filled this week. The markets have finally returned to a more neutral trading pattern making credit spread trading less risky.

New Iron Condor Trades Expiring in April

Our new trades expires in just 13 days. The market continues to move widely up and down each week making it challenging to trade safely. I waited until there was only 2 weeks remaining to expiration to process a new trade. There is less time for the market to compromise our short options.

March Trades on Hold

If you have not ordered this Iron Condor trade or Bull Put trade please hold off due to the continuing market sell off today. This market could be headed to 5,000 and less over the next few months. I will send a replacement trade later this week.

New Iron Condor Trades Expiring in March

We are starting the new year with two successful trading months. I am very excited that our filled Iron Condor trades expire on Feb 20th. The return on these trades was 6.4% and 11.1%.

We have a new 5.3% and 11.1 RUT and IWM Iron Condor trade expiring in March. These trades should be filled this week. With just 19 days remaining to expiration this is an excellent return for just 3 weeks.

February Trades - Expired Worthless 2/20/09

All trades expired worthless this week. We have started off 2009 with 2 winning months i a row. Our February RUT and IWM Iron Condor trades earned 6.4% and 11.1%. With the markets sinking again I will be trading the Call side of the market in March.

February Trades - Update 2/14/09

It looks like we are starting the new year with two successful trading months. I am very excited that we have a filled Iron Condor trade that should easily expire next week on the 20th. The markets no longer have wild trading days of 500-700 point swings. Although the markets are trending down this month our bull put trade is very safe. A small slow steady decrease over a week or two will not cause our conservative bull put trades to be risk. Next weekend after Friday's expiration I will email and post to the members page a new trade expiring in March. If the markets continue to behave like they have been in 2009 we should have many more conservative Iron Condor trades that expiring in the months ahead.

February Trades - Update 2/2/09

Our January Bear Call trade expired worthless earning 3.1%.

With only 10 days remaining to expiration our RUT and IWM Iron Condor open trades remain very safe. We are going to have a very respectable 6.4% and 11.1% returns this month. The markets are finally trading in a neutral pattern this month. This is a perfect pattern for credit spread trading.

Iron Condor Trade Should be Completed Next Week

We have new orders for Bear Call trades this weekend. When these trades are filled we will complete our RUT Index and IWM ETF Iron Condor trades. These trades are returning 6.4% and 11.1%.

It's been many months since we successfully completed an Iron Condor trade. One big advantage of an Iron Condor Credit Spread trade is that option brokers only require margin for one side of the trade. This allows you to earn some very high rates of returns over a 30 day period.

February Trade Filled

On the new President's first day in office the market rose more than 200 points. The markets are going to have lots of good news over the next 3 weeks so I feel very confident in trading the Bull side of the market this month. If the market retracts with 2 weeks remaining I will look for a safe RUT Bear Call trade in order to complete an Iron Condor.

January Trade Expired Worthless on 1/16/09

Our January Bear Call trade expired worthless this week. A new tirade will be emailed and posted this weekend. Unfortunately Bull Put trades are to risky so we are not able to complete Iron Condor trades. The markets are continuing to drop each week so all we can safely do is keep trading the call side.I am still bearish and only want to trade the call side.

December Trade (Expired on the 19th)

The market increased enough to cause our December trade to be compromised and closed when the RUT Index value touched 470. If you did not exit this trade your options expired worthless on the 19th. Trading credit spreads 30 days out is very tricky because this market continues to be very volatile. It's very hard to predict the direction of the market on any given day. Bad news occurs every day as firms announce layoffs and shutdowns. The credit markets are still very tight, even for folks wanting to re-finance or buy a home. Even though long term interest rates are at historic lows credit scores have to be very high in order to qualify. Subscription fees are being refunded next week. A new trade will be emailed and posted early next week.