THIS IS A TRADE WITH A POTENTIAL OF 300% OR SO GAIN.

ALLOCATION OF 5 CONTRACTS  TO THIS TRADE SMALL PLAY IN THE ACCOUNT.

IF WE GET AN INTRADAY RALLY AND FLUSH TOWARDS THE END THIS WILL YIELD A VERY NICE PROFIT IF SPX FINISHES BELOW 1280.

THERE IS ANOTHER REASON I AM PUTTING THIS ORDER IN, THIS ORDER IF FILLED WILL ACT AS A HEDGE AGAINST OUR CURRENTLY UNDERWATER 1275/70 JUN1 BULL PUT CREDIT SPREAD. THAT CREDIT SPREAD COULD GET BLOWN OUT OF THE WATER IF SPX DIVES NEAR THE CLOSE. https://3ddhedgeinvestments.wordpress.com/2012/05/30/spx-bull-put-credit-spread-jun1-20-allocation/

Leg 1 Leg 2 Price Duration
Option SPXW Jun 01 2012 1285.00 Put
Action Buy to Open
Contracts 5
Option SPXW Jun 01 2012 1280.00 Put
Action Sell to Open
Contracts 5
Market
Credit
Debit

Even

Day Order
Quote SPX   1,285.46   -24.87 Bid 1,285.25 Ask 1,285.79 Volume 0
SPXW JUN 01 2012 1285.00 PUT
SPXW JUN 01 2012 1280.00 PUT
Bid 3.40 1.70
Ask 4.20 1.95
Last 4.00 1.70
Change 2.50 [166.67%] 0.60 [54.55%]
Volume 4,254 5,738
Delta 0 0
Open Int 5,865 10,471
Desc SPXW Jun 01 2012 1285.00 Put SPXW Jun 01 2012 1280.00 Put
Net Quote
Bid
1.45debit
Mid
1.98debit
Ask (natural)
2.50debit
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