NOVEMBER 2008 DJX Recommended credit spread
Needless to say, The spreads are totally out of line on the DJX after all the chaos that has been going on in the global markets. We are going to try and get filled on the following spread for our November 2008 position. We probably will need a roller coaster day to get filled, but in this market you never know.
We are recommending the following credit spread for our DJX monthly November position
A quick P.S. Some subscribers have probably thought to themselves why didn't I suggest putting on the put side to complete the iron condor during either of the pervious 2 months. I don't think I need to answer that question when you consider our Call credit spread side for October is 4,000 DJIA points!!! out of the money. That is 40 DJX points. ( That sure is a big difference from the folks who are setting on the short put side or long this market )
Okay, let's see if we get any luck on this fill. Remember these markets are crazy. We might get filled, some might not get filled, or some of you might get filled, while others do not, or nobody gets filled. We will just have to see
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