The VIX is holding above 20; we will wait until Monday to enter the next weekly trade.
SPX 6 month chart
Today, at least at the moment, appears to be a relatively mellow trading day. SPX is down a little over 3 points at 1916, and the VIX is currently 24.25.
Rather than taking on the weekend risk by entering the October 2 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,