Another volatile trading week; we will wait until Monday to enter the next weekly trade.

The market is still unsettled, to say the least. And the volatility index VIX is remaining above the historical average of 20. This week we tested a Monday entry (4 days to expiration) on the SPX weekly Iron Condor. We were able to still get reasonable credit, and exited the position for target gain on Wednesday.

SPX 6 month chart

Today, as of mid-day, SPX is down over 20 points, and the VIX is at 24. Rather than taking on the weekend risk by entering the October 1 position Friday, we will wait once again and enter on Monday as long as the market is within reason and we can still get the minimum recommended credit.

Trade updates will be posted as appropriate.

For those unfamiliar with the strategy, the trade management guidelines for all the Couch Potato Trader plays were most recently published on August 20, 2015 and can be found here: Link to Articles

If anyone has any questions on the guidelines or the strategy, please feel free to email me.

As always, stay keen on your risk management and trade carefully,

Dot Hazlin