Position Update

Here's an update on our positions with legs that are due to expire on January 21st:

AIXG bull put spread - looking great, we're going to hold through to January expiration for the full 17.64% gain. Entered with stock at $34.23, currently trading at $41.71

ARUN bull put spread - looking great, we're going to hold through to January expiration for the full 38.33% gain. Entered with stock at $22.96, currently trading at $25.63

LVS calendar call spread - finally got filled on our sell of the Jan11 52.50 calls yesterday at $0.80. Open position is down but when we add up the gains from the calls we've sold against the position since November, we're up 18.67%. If LVS is at $48.50 or higher by January expiration, we'll likely close out the position for a nice gain. Entered position with stock at $50.71, currently trading at $50.13

ZION diagonal call spreads - With ZION trading over $24, we're up nicely on our open positions. We're going to hold these positions through January expiration. If ZION stays above $23.50 by January expiration, we'll close the positions for a nice profit. If the stock is trading under $23.50 by Jan 21st, we'll likely sell some Feb calls against our remaining long calls. Entered with stock at $21.94, currently trading at $24.21

RUT iron condor - so far so good. Entered with RUT at $797.33, currently trading at $796.26. It's very unlikely that the puts we sold will come into play but we are watching the calls. If RUT moves up to $825 between now and Jan 21st, we'll consider making an adjustment to the trade. As long as RUT stays under $835 or over $705 by Jan expiration, we'll realize the full 12% yield from this trade.