What should I do when the recommended credit spread options are not filling?

Question: What am I supposed to do in a week like this where the recommended RUT credit spreads are waiting for a down market and it doesn’t go down enough for us to get a fill? Do we go ahead and click our bull put spread up a few strikes to where the net credit is higher and is now within your recommended price credit range, or do we wait for a new recommendation from the Monthly Cash Thru Options advisory? Thanks

Answer: When we see the market holding steady like we have seen in the last week of trading, we need to be patient and keep waiting. It’s strongly recommended to use only the strike prices that we recommend in the advisories, and not to adjust them. Right now the market has been taking a “breather” from 10 straight UP days, and this will give us an opportunity for us to open our bottom bull put spreads. However, right now our recommended RUT Aug bull put spreads are not brigning in enough premium, so we need to continue to wait. If we don’t see the market moving down enough this week for us to start filling our Aug bull put spreads, I will consider moving up our strike prices one click, but we need to wait a touch longer. The market is also in a holding pattern waiting for the advanced GDP number, which is being released this Friday the 31st. And I wouldn’t be surprised if the market holds steady in a tight trading range for another week as investors/traders wait for the unemployment number to be released next Friday the 7th. Then if the unemployment number comes in within the expected range, there is a good chance that the market will pick-up where it left off and continue to rally for a few more weeks before hitting resistance; this is when we’ll be opening our top bear call spreads.