Trade Update – Per our top October Spreads

We figured that the market was short term topping out and it was confirmed this week as the indexes rolled over and started to head down.   Unfortunately, we only had one potential day to open our top October spreads, which was last Friday right when our September trades were expiring.   And then we also would have had to use up all of our cash on a single day loading up on our October bear call spreads, which is somewhat risky.   So, with this said, we still have not recommended our Oct bear call spread and we now are going to shift our focus to our bottom Oct bull put spread.  Most likely we’ll be recommending our Oct bull put spread in this week’s Sunday advisory.