*****UPDATE***** 4:09 PM

WELL IT TURNED OUT THAT $PCLN ACTUALLY GAVE ANOTHER CHANCE TODAY FOR OTHERS TO FOLLOW INTO THIS TRADE, AND ENDED UP A  SUCCESS TODAY.  IT EXPIRED WORTHLESS AT THE CLOSE FOR A 5% GAIN WITHIN A DAY, CONGRATS TO THOSE WHO FOLLOWED.

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IT’S PROBABLY TOO LATE TO GET IN ON THIS ONE, BUT ENTERED IT AT .25 CREDIT ON 5 SPREADS.

THIS SHOULD BE A VERY SAFE PLAY, BUT PCLN HAS BEEN KNOWN TO SCREW ME A FEW TIMES BEFORE.

MAX AT RISK IS 5 SPREADS (500X 5) =2500 -125 CREDIT RECEIVED =2375 @RISK

UPON EXPIRATION WORTHLESS TONIGHT THIS WILL YIELD 125/2500= 5% FOR A ONE DAY TRADE

5/ 5 PCLN PRICELINE COM INC COM NEW Credit $0.25 N/A Credit
0.35
05/25/12 10:15 AM ET

Executed

$0.25
BOT to Open 5 PCLN Put PCLN May 25 2012 640.00 Put 0.15 0.30
SLD to Open 5 PCLN Put PCLN May 25 2012 645.00 Put 0.30 0.50
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