October 10, 2011 Trade Update

Hi All,

Looks like the markets want to push up to the next resistance point. I’ll be keeping my eye on 690 to see what happens there.

For now, the November M3 trade remains the same.

Even though the m3 is well past the adjustment point, the trade is in great shape and I’m not ready to take on the downside risk of rolling the position up, at least not yet. The position is up about $150 and is shown below.

I added to the November 55 Trade this morning. I purchased 2- 600/650/700 put butterflies for $8.15.  The position is currently down a few hundred dollars and is shown below:

That’s all for now, make it an awesome day!

John