Morning Commentary Friday Feb 26, 2010

Market moving reports coming out this morning pre market, tough to say which way we are headed from here. I could see a side ways market developing though which would be good for income traders.

This is the last week to enter new trades for the March expiration with only 21 days left today until expiration. As you prepare soon to begin April expiration trades be sure to have a mix of short and long vega trades in your portfolio if possible. The VIX has been moving around as of late and it is good plan to be neither too long nor too short vega. Earnings season will be here again in April which can keep volatility kicking.