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IS IT TIME TO G.T.FundsOUT?

HAVING TROUBLE PRINTING?
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IT IS TIME TO GTFO?Hi Gang,

We're getting down to the short hairs. At this writing, the SPX is just shy of 1300. Our short strike price is at 1310. Trading stops at the end of today. However, we're still exposed for the Friday morning settlement calculation -- which can get hairy to say the least.

It would cost about $.50 to .60 to buy back the 1310 calls. The decision is up to you. More conservative traders should consider closing the trade. You would still show a respectible profit on the SPX Iron Condor.

More aggressive traders may want to roll the dice. After all, $.50 multiplied by 12 contracts is $600. Like Clint Eastwood asked when pointing a gun at a felon, "Do you feel lucky? Do you?"

The choice is up to you. Have fun and don't do anything stupid!

Mike

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