January 9, 2011 Trade Update

Hi All,

There have been no changes to the RUT trades since the last update. RUT has been bouncing up and down a bit but not enough to force me to adjust anything. All the RUT positions are currently positive and if RUT can behave for another few days, we should be looking pretty good.

The SPY trade was adjusted on Wednesday since it was clearly over our adjustment point, but alas, that one proved to be unnecessary as well, at least for now anyway. For the adjustment I purchased another 125/132/139 call butterfly. This trade is slightly positive as well.

All the positions are shown below;

Jan 55:

Jan m15:

Feb 55:

Jan SPY:

OK, hopefully the market behaves this week and we can make all the work this month worth while.

I’ll keep you posted,

John