*****UPDATE***** 6-7 11:57 AM

CLOSED 80.3% GAIN SINCE LAST FRIDAY @2.94 CREDIT

*****UPDATE***** 6-6 6:00 AM

PUT A GTC ORDER IN, BUT WILL ADJUST IF NECESSARY.

Order set sell to close @2.95 credit GTC

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*****UPDATE***** 6-1 3:59 PM

THE TRADE EXECUTED AT 1.63 LIMIT DEBIT

MAX GAIN POSSIBLE IF VXX BELOW 21 BY JUN8 IS 3-1.63=1.37 AND PERCENTAGE GAIN POSSIBLE IS 84%

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THIS MOVE HAS BEEN PARABOLIC TODAY. I FEEL WE PUSH UP A LITTLE HERE NEXT WEEK. THE VIX SHOULD SETTLE DOWN A LITTLE BIT, BUT THIS WILL ONLY TRIGGER IF WE HAVE END OF DAY SELLOFF FURTHER DOWN FROM HERE.

Leg Action Contracts Option Description Price Duration
Leg 1 Buy to Open 4 VXX Put VXX Jun 08 2012 24.00 Put Debit 1.60 Day Order
Leg 2 Sell to Open 4 VXX Put VXX Jun 08 2012 21.00 Put
Est. Trade Value: $640.00
Quote VXX   22.35   1.53 Bid 22.34 Ask 22.35 Volume 63,059,933
VXX JUN 08 2012 24.00 PUT
VXX JUN 08 2012 21.00 PUT
Bid 2.32 0.58
Ask 2.35 0.59
Last 2.37 0.61
Change -0.64 [-21.26%] -0.49 [-44.55%]
Volume 589 7,598
Delta -0.73 -0.26
Open Int 11 647
Desc VXX Jun 08 2012 24.00 Put VXX Jun 08 2012 21.00 Put
Net Quote
Bid
1.73debit
Mid
1.75debit
Ask (natural)
1.77debit
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