*****UPDATE***** 6/13/12 1047AM

EXITED AT 1.66 CREDIT FOR 58.1%GAIN WE BOUGHT AT 1.05 AND SOLD AT 1.66

TOTAL PROFIT ON 8 CONTRACTS WAS 61 X 8 = $488

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*****UPDATE***** 6/9 11:27  PM  

THE SPAIN EFFECT?

http://www.cnbc.com/id/47747620

WELL THIS WEEKEND THE WORST POSSIBLE THING MAY HAVE HAPPENED TO OUR PLAY. THE HEADLINE RISK WE FACED BEING IN A POSITION OVER THE WEEKEND, VERY WELL MAY SLAP US IN THE FACE LIKE A POLICE BILLY CLUB!

AS MENTIONED IN THE PREVIOUS UPDATE LAST NIGHT, THIS IS WHY:

WE WENT INTO THIS WEEKEND WITH ONLY A FEW OPEN PLAYS, AND ALMOST 80-85% CASH.

DON’T BE TOO UPSET, I WILL BE OFF FROM WORK ALL DAY MONDAY, AND MONITOR THIS POSITION ACCORDINGLY WITH ALL OTHER RESEARCH I RECEIVE.

THIS RALLY MAY PROVE TO BE A GOOD SHORT ENTRY, OR MAYBE A GOOD CHANCE TO REVERSE COURSE ON THIS VXX PLAY, AND POSITION A LONG PLAY OR TWO.

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*****UPDATE***** 6/8 11:14  PM

THE TRADE EXECUTED TODAY @1.05 DEBIT AS EXPECTED IF A RALLY OCCURRED. PLEASE DONT BE SCARED MONDAY IF WE GET ANOTHER RALLY AS WELL. THE HIGH IMPLIED VOLATILITY USUALLY ASSOCIATED WITH VIX DERIVATIVES LIKE THE VXX USUALLY KEEP SPREAD PRICES IN CHECK AS WELL.

THE WAY I SEE IT NEXT WEEK, WE EITHER SCREAM HIGHER TO SPX 1340 AND POTENTIALLY LOSE ON THIS TRADE, OR THE MARKETS RETRACE HARD! I SAY WE RETRACE THE GAINS EXPERIENCED THIS PAST WEEK INTO NEXT WEEK, AND HAVE POSITIONED PART OF THE 3DDHEDGEFUND ACCORDINGLY.

WE WENT INTO THIS WEEKEND WITH ONLY A FEW OPEN PLAYS, AND ALMOST 80-85% CASH.

3DDHEDGE HAS BEEN MOSTLY CASH THE LAST FEW WEEKS, BUT AVERAGING 10-20% GAINS EACH WEEK. THIS IS BASED ON ALL OUR VERY NICE HEDGE TRADES EXECUTED!

WE PLAN ON HAVING YET ANOTHER SUCCESSFUL WEEK TO COME, AND LOOK FORWARD TO SEEING MANY MORE LUCKY TRADE FOLLOWERS!

YOUR FRIEND!

CREDITSPREAD23

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*****UPDATE***** 6/7 11:21 PM

NO EXECUTION TODAY, BUT ALL HOPE ISN’T LOST YET. ANYTHING COULD HAPPEN TOMORROW, AND NEVER KNOW WE MAY GET A CLOSE ENOUGH PRICE TO ENTER THIS SPREAD AFTER ALL.

I WILL BE VERY BUSY TOMORROW, AND WATCH THIS ENTRY THE BEST I CAN. BUT IF YOU CAN GET IN THE TRADE ANYWHERE 1.20 OR BELOW, DON’T BE AFRAID TO PULL THE TRIGGER. ONLY PULL THE TRIGGER EARLY  IF YOU REALLY BELIEVE IN A SOON TO BE DIP NEXT WEEK, AND .15 CENTS MORE IS NOT TOO MUCH ADDITIONAL RISK FOR YOU.

I WILL BE LEAVING IT AT 1.05 DEBIT GTC, BUT MAY UP MINE AS WELL. I REALLY BELIEVE A DIP NEXT WEEK IS COMING, BUT ALSO LIKE TO PATIENTLY WAIT OUT TRADES BEST I CAN. IF I SEE THE TRAIN MAY REALLY BE LEAVING THE STATION TOMORROW, AND CAN GET IN AT 1.20’ish OR BETTER, I WILL SERIOUSLY LOOK AT GETTING IN THE TRADE AT THOSE LEVELS. THIS WOULD POSSIBLY BE NEAR THE CLOSE, AFTER GIVING UP ON A BETTER ENTRY THRU THE DAY.

THIS TRADE  SHOULD HAVE – NO -MORE THAN 5% OF YOUR ACCOUNT ALLOCATED TO IT.

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6/7/12 11:26 AM

THIS IS A TRADE THAT WILL HAVE TO MARINATE BETWEEN TODAY AND FRIDAY.

IT HOPEFULLY TRIGGERS ON A BULLISH PERIOD THROUGH  TODAY OR TOMORROW.

HERE ARE THE DETAILS. ENTER AT LIMIT GTC 1.05 DEBIT

Order Details

Leg Action Contracts Option Description Price Duration
Leg 1 Buy to Open 8 VXX Call VXX Jun 16 2012 18.00 Call Debit 1.05 Good Til Cancel
Leg 2 Sell to Open 8 VXX Call VXX Jun 16 2012 22.00 Call
Est. Trade Value: $840.00
Quote VXX   19.14   -0.51 Bid 19.14 Ask 19.15 Volume
VXX JUN 16 2012 18.00 CALL
VXX JUN 16 2012 22.00 CALL
Bid 1.53 0.26
Ask 1.55 0.27
Last 1.63 0.27
Change -0.27 [-14.21%] -0.11 [-28.95%]
Volume 1,269 1,528
Delta 0.71 0.14
Open Int 16,789 30,374
Desc VXX Jun 16 2012 18.00 Call VXX Jun 16 2012 22.00 Call
Net Quote
Bid
1.26debit
Mid
1.27debit
Ask (natural)
1.29debit
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