*****UPDATE***** 10:04AM
CHANGING ENTRY TO .35 FROM .30 DEBIT THE MARKET IS LOOKING WEAKER AND WEAKER HERE, AND MAY HAVE MISSED THE BOAT. IF EXECUTED THE NEW MAX GAIN FIGURE WILL BE 185.71% IF $VXX AT OR ABOVE 19 FRIDAY EXPIRY
TO CLARIFY WE ARE NOT CHASING HERE, MY INITIAL PRICE OF .30 WAS AT THE LOWS THIS MORNING AND WOULD HAVE BEEN A STEAL. THE NEW PRICE OF .35 IS NOT THAT FAR AWAY FROM THE STEAL WE TRIED, AND STILL A NICE ENTRY. IF WE WERE CHASING WE WOULD HAVE TRIED TO BUY WHEN IT WENT ALL THE WAY UP TO .45 COST EARLIER, THAT WOULD HAVE BEEN A NO NO!
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******UPDATE***** 9:47AM
WELL WOULDN’T YA KNOW IT, LOOK AT THIS RALLY AT THE OPEN. I FIGURED I WOULD HAVE TIME TO GET YOU ALL IN ON THIS ALERT, BEFORE THE RALLY TOOK OFF, BUT HELL NOT EVEN MINE EXECUTED. DEPENDING HOW IT GOES TODAY I MAY UP IT TO .35 ENTRY, WILL LET YOU KNOW.
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6/11/12 9:37AM
I BELIEVE THIS PUMP UP IN EQUITY PRICES WILL NOT LAST FOR LONG AND THEREFORE OPENING ANOTHER $VXX POSITION AT HALF OF THE ORIGINAL $VXX AMOUNT PLAYED ON FRIDAY.
COST IS .30 MAX GAIN IS .70   =233% GAIN POSSIBLE
NO MORE THAN 3% OF PORTFOLIO ALLOCATED TO THIS TRADE!
You have entered a spread.
Leg Action Contracts Option Description Price Duration
Leg 1 Buy to Open 15 VXX Call VXX Jun 16 2012 18.00 Call Debit 0.30 Day Order
Leg 2 Sell to Open 15 VXX Call VXX Jun 16 2012 19.00 Call Debit 0.30 Day Order
Quote VXX   17.83   -0.57 Bid 17.83 Ask 17.84 Volume 3,991,292
VXX JUN 16 2012 18.00 CALL
VXX JUN 16 2012 19.00 CALL
Bid 0.67 0.37
Ask 0.69 0.38
Last 0.68 0.37
Change -0.27 [-28.42%] -0.18 [-32.73%]
Volume 760 572
Delta 0.48 0.26
Open Int 18,289 23,675
Desc VXX Jun 16 2012 18.00 Call VXX Jun 16 2012 19.00 Call
Net Quote
Bid
0.29debit
Mid
0.30debit
Ask (natural)
0.32debit
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