*****UPDATE***** 5/21 AFTER THE CLOSE

THE TRADE NEVER FILLED TODAY AND EXPIRED AS A DAY ORDER. I WILL RE-ASSESS TOMORROW AND MAYBE PULL THE TRIGGER AT A BETTER PRICE, OR STRIKES. FOR NOW DO NOT ENTER THIS TRADE AND CANCEL ANY ORDERS YOU MAY HAVE ENTERED.

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New Trade in HD Jun16 47-50 debit call spread 10% account allocated to the trade.

Limit price Debit @1.05

Stop area .80

HD has beaten up lately but the bleeding seems to have stopped enough to take a stab at it. The broad market seems to be gaining its footing as well from the healthy selloff. This is not a quick trade, and plan on riding this one for while up to 2.00+ credit sell back price.

if this trade goes sour, I will seriously consider getting out around .80 ‘ish credit, if HD sells off or stagnates here.

Creditspread23

Order Details

Leg Action Contracts Option Description Price Duration
Leg 1 Buy to Open 10 HD Call HD Jun 16 2012 47.00 Call Debit 1.05 Day Order
Leg 2 Sell to Open 10 HD Call HD Jun 16 2012 50.00 Call
Est. Trade Value: $1,050.00
Quote HD   47.56   0.51 Bid 47.55 Ask 47.56 Volume 7,715,779
HD JUN 16 2012 47.00 CALL
HD JUN 16 2012 50.00 CALL
Bid 1.32 0.23
Ask 1.35 0.25
Last 1.30 0.22
Change 0.09 [7.44%] -0.06 [-21.43%]
Volume 149 621
Delta 0.58 0.24
Open Int 1,367 6,721
Desc HD Jun 16 2012 47.00 Call HD Jun 16 2012 50.00 Call
Net Quote
Bid
1.07debit
Mid
1.09debit
Ask (natural)
1.12debit

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