THIS IS A PLAY AIMED AT TAKING ADVANTAGE OF THE INCREASED VIX AT THIS POINT, AND ALL THE UNCERTAINTY ABOUT NEXT WEEK.

BOTH SIDES ARE FAR OUT OF THE MONEY AS WELL, AND SHOULD BE A GREAT SHOT OF SCALPING THE RISING PREMIUMS OUT THERE DUE TO THE VIX BEING ELEVATED AS OF LATE.

THE FISCAL CLIFF AND DEBT CEILING DRAMA SHOULD GET THIS PLAY FILLED BY THE END OF THE DAY.

IF IT LOOKS LIKE WE WONT GET FILLED AT .55, WE WILL TWEET A LOWER ENTRY UPDATE CHANGE TO .50 CREDIT, AND NO LOWER THAN THAT.

ONCE AGAIN, THE PLAY IS BELOW AT A NET CREDIT OF .55 BETWEEN ALL FOUR LEGS.

Your Order Has Been Submitted
Account: xxxxxxxxx - IRA Account

Order Details

You have entered a condor.
Leg Action Contracts Option Description Price Duration
Leg 1 Sell to Open 6 SPXW Put SPXW Jan 04 2013 1330.00 Put Credit 0.55 Day Order
Leg 2 Buy to Open 6 SPXW Put SPXW Jan 04 2013 1325.00 Put Credit 0.55 Day Order
Leg 3 Buy to Open 6 SPXW Call SPXW Jan 04 2013 1475.00 Call Credit 0.55 Day Order
Leg 4 Sell to Open 6 SPXW Call SPXW Jan 04 2013 1470.00 Call Credit 0.55 Day Order
Quote SPX   1,412.24   -5.86 Bid 1,412.01 Ask 1,412.56 Volume 0
SPXW JAN 04 2013 1330 PUT
SPXW JAN 04 2013 1325 PUT
SPXW JAN 04 2013 1475 CALL
SPXW JAN 04 2013 1470 CALL
—
—
Bid 1.95 1.70 0.45 0.75 —
Ask 2.15 1.90 0.65 1.00 —
Last 1.95 1.85 0.55 0.80 —
Change 0.25 [14.71%] -0.44 [-19.21%] -0.35 [-38.89%] -0.55 [-40.74%] —
Volume 169 53 345 3,110 —
Delta -0.08 -0.07 0.04 0.06 —
Open Int 1,333 1,704 3,120 5,372 —
Desc SPXW Jan 04 2013 1330.00 Put SPXW Jan 04 2013 1325.00 Put SPXW Jan 04 2013 1475.00 Call SPXW Jan 04 2013 1470.00 Call —
Net Quote
Bid (natural)
0.15credit
Mid
0.57credit
Ask
1.00credit
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