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.
Sunday, January 25, 2009
Saturday, January 24, 2009
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.
Saturday, January 17, 2009
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.
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