Option Investor
Updates

NEW POSITION ADJUSTMENT

HAVING TROUBLE PRINTING?
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Hi Gang,

Got filled quite easily on the SPX top side (1285/1300) this morning -- asked for $.75 and was filled at $.80 -- because I have a damn good broker.

The bull put spread is another matter. As soon as the market opened, the premium disappeared from the recommended 1140/1125 spread. So, we looked for a different 15 point spread that might be attractive. We got filled in the 1155/1140 bull put spread at $.65. It took a while, but it got filled.

If your orders are out there at the originally recommended prices, you might want to re-evaluate and make an adjustment.

Take care and trade smart!

Mike

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