Market Summary
We can take advantage of today's market action to strike while the iron is hot and move to close out all of our October positions for profit. Exit rules for all of our spreads have been activated and it is not worth the risk to delay closing trades.

SPY Position Update
SPY closed $120.23 on Monday – the October position is approx. $1,500 in the black
SPY is priced ABOVE its current 14-day EMA (see SPY chart down below)
SPY is trading ABOVE its 20-day Bollinger Band SMA (see SPY chart)
SPY is ABOVE its 50-day simple moving average (see SPY chart)
SPY is BELOW its 200-day simple moving average (see SPY chart)
Relative Strength Indicator (RSI) turned neutral (See SPY chart)
Moving Average Convergence/Divergence (MACD) is bullish (See SPY chart)

The September 29th Couch Potato published an October expiration SPY bull put spread
We suggest closing out this position for an approx. $1,500 gain – if you have problems selling the long $102 strike price puts as part of a spread trade; we can just simply buy back the short $107 puts as a single - leg trade. (see tables below)

SPY Risk Analysis
The only risk is a total stock price collapse prior to initiating the $107 strike price short put closing trade.

DIA Position Update ---------------------------------------------------------------
DIA closed at $113.90 on Monday - the October position is approx. $2,700 in the black
DIA is priced ABOVE its current 14-day EMA (see DIA chart down below)
DIA is trading ABOVE its 20-day Bollinger Band SMA (see DIA chart down below)
DIA is ABOVE its 50-day simple moving average (see DIAchart)
DIA is BELOW its 200-day simple moving average (see DIA chart)
Relative Strength Indicator (RSI) turned neutral (See DIA chart)
Moving Average Convergence/Divergence (MACD) is bullish (See DIA chart)

The September 27th Couch Potato published an October expiration month DIA bear call spread
We can close out this position for an approx. $1,300 gain – if you have problems selling the long $123 strike price calls as part of a spread trade; we can just simply buy back the short $118 calls as a single - leg trade. (see tables below)

The September 13th Couch Potato published an October expiration month DIA bull put spread
We should be able to close out this position for an approx. $1,400 gain – if you have problems selling the long $97 strike price puts as part of a spread trade; we can just simply buy back the short $102 puts as a single - leg trade. (see tables below)

DIA Risk Analysis
The risk is stock prices gap drastically higher tomorrow and threaten the $118 strike price short call or the market crashes to our $102 short put prior to executing closing trades.

Exit Plan
As mentioned above the exit rules for all of our positions have been triggered and if the market cooperates we plan on closing out all of the short positions.

Gregory Clay

Couch Potato Trader Disclaimer
All results reported in this section are hypothetical. While the numbers represented here may have been achieved or beaten by our readers, we make no representation that any individual investor achieved these exact results. The tracking for the plays listed in this section uses closing prices for the day the newsletter is published and it is not meant to imply that any reader actually received those prices (though many often do) or participated in these recommendations (even though many do). The portfolio represented here is hypothetical and for investment education purposes only. It is only an illustration of what type of gains a knowledgeable trader might receive utilizing these strategies. If you don't get close to these results, guess what. It isn't the fault of the strategies.