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.