The Money Tree

Safely Generating Income in Retirement

Weekly NP Strategy – 04/13 Expiration

Posted by mounddweller on April 5, 2012

Fellow Traders,

My apologies for being out of touch for the past couple of weeks.  I’ve been very busy at work.  I did finally have time this evening to run the Weekly NP Strategy scan.  This week the scan returned 37 trade opportunities.  While I must admit I didn’t have time to do much in the way of due-diligence, one did catch my eye.

Once again it was a trade in VXX.  This time I like the $16 strike.  VXX has been rising for the past several days after bottoming a couple weeks ago at $15.57.  This $16 strike closed today at $0.13 bid.

This trade is not without significant risk.  Proceed with open eyes.

The other 36 trades can be found here:






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