Markets Close Weaker But Our Positions Are In Great Shape

Markets were a little softer today as they waffled around green and red for the most of the day but closed lower in the end. Volatility is definitely picking up this week as multiple days containing triple digit moves for the Dow are back upon us. This increase in volatility makes options more expensive and is great for spread sellers like us.

Regarding our April positions going into tomorrow's expiry:

Both the NDX put credit spread and the SPX Iron Condor in the Weekly Trading Service are in great shape for tomorrow's expiration and should expire quietly for full profit.

The Monthly Trading Service has multiple positions including RUT & SPY Iron Condors, as well as put credit spreads on IWM and DIA, all of which we expect to expire worthless for full profit as well.

For Index options like RUT, SPX, and NDX, Friday's opening will set the settlement price for expiration of the options. A great resource for the official expiration price is the CBOE. Here is a link to the CBOE that will provide the settlement values of the options (they are typically released around 11am and updated real-time throughout the rest of the day):

http://www.cboe.com/data/Settlement.aspx

For ETF options like SPY, IWM, DIA, and QQQ, Friday's closing price is the expiration settlement value.

What is most exciting is that after a rough start to the year, April alone should make up >50% of the Monthly Trading Service's losses YTD while the Weekly Trading Service has recovers >70% of its YTD losses. Volatility is inherent when generating Alpha as explained here and we are glad to be moving in the right direction at a good pace.

Thanks to everyone and have a great expiration Friday!

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