I had been trying all week to get a new RUT position filled for my personal account. I was finally able to get it. On Friday I put in an order to sell my proposed Iron Condor for a $1.05 credit. After waiting all day, with the market for the position at [...]
August is in the bank. Today I closed out each of the papermoney August positions to lock in our profits and begin the September cycle. Currently the account has a balance of $96,983.80 – not to shabby after taking it in the shorts our first month! By the end of September we [...]
So far things are looking rather nice for all of the August positions. As expected the Federal Reserve did not make any changes to short term interest rates and the market didn’t do much in response. We did get a quick bounce on Tuesday followed by a sharp drop off, but none of [...]
I’ve gotten a few comments over the past week regarding my lack of posting… Well, it’s been quiet! The market hasn’t really done much and all of the August positions are in great shape. Today the Fed should announce, and likely stop raising rates. The market will likely bounce, then come back down. [...]
