*****UPDATE***** 6/8 11:00  PM

THE TRADE EXECUTED AT 4.90 SELL TO CLOSE TODAY FOR A FINAL GAIN 158% INTRADAY! 3.00/1.90=158%

I HAD 4 CONTRACTS THAT COST $190 EACH AND SOLD BACK FOR CREDIT OF $490 EACH! THATS $1200 PROFIT WITHIN A DAY ON THIS SMALL START-UP HEDGE!

************************************************************************************************************************

*****UPDATE***** 6/8 2:29 PM

PUT AN ORDER IN SELL TO CLOSE LIMIT 4.90 CREDIT A LITTLE WHILE AGO. FULL VALUE WOULD BE 5.00, BUT WOULD RATHER HAVE THE PEACE OF MIND AND RUN WITH MOST OF THE PROFITS ATTAINABLE.

*********************************************************************

THIS ORDER FILLED @1.90 WHILE WRITING THIS POST.

BETTER ENTRY PRICES CAN BE HAD NOW.

INTRADAY LONG HERE, TRIED THIS LAST THURSDAY FOR 70%+ GAINS INTRADAY.

BE CAREFUL HERE THOUGH THIS TRADE IS NOT FOR THE FAINT OF HEART

I FEEL THE MARKET WILL RECOVER SLIGHTLY THROUGH THE DAY HERE.

TRADE DETAILS ARE :

NO MORE THAN 5% OF ACCOUNT ALLOCATED

Order Details

You have entered a spread.
Leg Action Contracts Option Description Price Duration
Leg 1 Buy to Open 4 SPXW Call SPXW Jun 08 2012 1310.00 Call Debit 1.90 Day Order
Leg 2 Sell to Open 4 SPXW Call SPXW Jun 08 2012 1315.00 Call Debit 1.90 Day Order

Quote SPX   1,309.52   -5.47 Bid 1,309.05 Ask 1,310.02 Volume 0
SPXW JUN 08 2012 1310.00 CALL
SPXW JUN 08 2012 1315.00 CALL
Bid 3.40 1.40
Ask 3.70 1.60
Last 3.70 1.45
Change -4.25 [-53.46%] -4.75 [-76.61%]
Volume 109 171
Delta 0 0
Open Int 3,730 3,083
Desc SPXW Jun 08 2012 1310.00 Call SPXW Jun 08 2012 1315.00 Call
Net Quote
Bid
1.80debit
Mid
2.05debit
Ask (natural)
2.30debit

Advertisements