My goal is to provide relevant commentary on topics of options investing, risk management and financial planning in a format that is easy to understand and thought provoking.
Sunday, November 29, 2009
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.
Sunday, November 8, 2009
CBOE's Virtual Trading System
Visit the link to access CBOE's virtual trading system. This system is free to use by anyone and no brokerage account is needed. Paper trading is the best way to learn how to execute, track and manage stock and option trades. For both new and experienced options traders this system allows you execute trades associated with all the option strategies. I am recommending to all my new subscribers that they use this system during their 60 free trial to paper trade all my credit spread trades.
Also, the system CBOE is using is OptionsXpress's actual virtual trading system which is one of the best available on the internet for paper trading option strategies.
Also, the system CBOE is using is OptionsXpress's actual virtual trading system which is one of the best available on the internet for paper trading option strategies.
http://www.cboe.com/tradtool/virtualtrade.aspx
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.
Monday, October 12, 2009
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.
Tuesday, September 22, 2009
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.
Monday, July 20, 2009
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.
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