Yes, I agree that we should bring in some modest levels of premium for tighter SPY and RUT Jan bull put spreads, per the advisory that I sent out this morning to MCTO subscribers. Unfortunately, as most of us saw, the DOW was down 60 at the open where we did have some opportunity to open some SPY and RUT Jan bull put spreads, and then the market quickly climbed back to neutral and the premium dried up in less than an hour. The market most likely will move tomorrow, Friday, when the jobs number is released so we’ll probably have another oppotunity to bring in some more premium.

Given the postive tone of the news and the probability that tomorrow’s unemployment number will be acceptable, shouldn’t we be addressing the RUT puts today since, at this point, the market is down?

If we wait for Friday’s pre market unemployment news and an update coming from you Thursday night (?) we might not get much for the puts this cycle. As of 9:55am Thursday the 570/580 put mark is $.15 and the 590/600 put mark is $.475 (if that’s a -safe- and valid possibility given the comments/response on the last trade update).

Thanks.