We will follow the current recommendation that we have now filled of JCG, SPY, IWM and the DJX . They will be covered starting Thursday in the MAY WATCH LIST
In the meantime, we will be watching the final few days of the APRIL expiration as usual.
If the MAY positions need any action taken, you will be informed by blog in the usual manner.
ACTION FOR TONIGHT:
Please cancel the order we placed today for the AA MAY call spread as AA dropped over $1.00 and we were not filled. So all subcribers straight cancel the AA credit spread from today. In addition, please cancel the DJX call credit spread from Friday, as the DJIA dropped over 250 points and we were not filled. So straight cancel the DJX CALL CREDIT spread for MAY. Remember, we were filled on the DJX MAY PUT credit spread.
So bottom line, please cancel the following OPEN orders
DJX CALL credit spread
AA CALL credit spread
We should have no other open orders after those are cancelled