We picked the perfect exit on the two index plays this morning.
The plays on the Russell ETF and the Dow Transports ETF were both closed successfully at the open for 10-cents as recommended in the Wednesday newsletter.
We watched safely from the sidelines as the market declined in the afternoon session. Because of the decline I am going to hold off recommending any new plays until this weekend.
Current Position Changes
IWM - Russell 2000 ETF - Closed
Short May $65 Put @ $.93, closed at $0.10, +.83 Profit.
IYT - Dow Transports ETF - Closed
Short May $77 Put @ $.65, closed at $0.10, +.55 Profit.