CANCELLED SELL ORDER @.15 CREDIT LACK OF VOLUME IN CALLS. WE WILL NOW GO INTO TOMORROW WITH THIS OPEN.

*****UPDATE*****6/14/12 9:41PAM

ORDER SET TO GET THE HELL OUT @.15 CREDIT ON A PUSH UP. BAD LOTTO TRADES RARELY HAPPEN WITH ME AND THIS WAS THE MOTHER OF THEM, BUT AS ALWAYS VERY VERY LITTLE 1-2% ALLOCATED TO LOTTO PLAYS.

*****UPDATE*****6/13/12 7:00PM

WELL THE MARKET MOVED DOWN FASTER THAN WE ANTICIPATED TODAY, WE WERE GOING TO ISSUE A CANCEL ON THIS ORDER ASAP ONCE THAT HAPPENED, BUT THE ORDER FILLED. WE ACTIVELY TRIED TO GET INTO THIS SMALL CONTRARIAN PLAY FOR A GOOD PART OF THE DAY, AND WAS LIKE PUTTING $2 TO WIN ON A 99-1 THOROUGHBRED HORSE.

THIS PLAY WAS LESS THAN 2% OF THE TOTAL 3DD PORTFOLIO

ON 20/20 HINDSIGHT I WISH, I WOULDN’T HAVE PUT US IN THIS PLAY AS WELL. WE ARE ALMOST ALL CASH RIGHT NOW, AND WAS LOOKING FOR A SMALL PLAY TODAY.

I HAD MY BELIEFS IN POSSIBLE RETEST HIGHS OF 1345 SET IN PREVIOUS DAYS, BUT THE TECHNICALS FAILED. PEOPLE MAKE MISTAKES, AND WE PLAIN OL’ GOOFED IT ON THIS ONE.

3DD APLOOGIZES, AND WE ARE LOOKING TO POSSIBLY ENTER ANOTHER SPX PLAY TOMORROW LIKE THIS PREVIOUS SPX PLAY.

https://3ddhedgeinvestments.wordpress.com/2012/05/31/trade-alert-spx-1300-1305-debit-cal-spread2-45/

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*****UPDATE*****6/13/12

CANCEL THE ORDER

RESUBMIT

AND CUT THE ORDER SIZE IN HALF HERE, AND RAISE THE LIMIT PRICE TO .20

WE MAY RAISE IT TO .25 AND CUT OUR LOT EVEN SMALLER LATER TODAY, BUT FOR NOW .20 LIMIT.

MAX GAINS IF SPX 1345 FRI OPEN IS 2400% RETURN

ONCE AGAIN,

I NEVER MAKE PLAYS LIKE THIS UNLESS I HAVE REASONABLE BELIEF THAT A BIG MOVE CAN HAPPEN, AND HAVE THAT BELIEF.

I AM ONLY COMFORTABLE PUTTING 1%-2% OF PORTFOLIO AT RISK

PLEASE IN NO WAY TAKE THIS A FOR SURE THING, OR MONEY MAKER. THIS HAS A REAL BIG CHANCE OF LOSING ALTOGETHER. ALTHOUGH ITS A RISK I’M WILLING TO TAKE.

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

THIS IS A LONG SHOT AT EXECUTING BUT ONLY USING 2% OF PORTFOLIO OR LESS ON THIS TRADE.

IF YOU DO NOT WANT TO POSSIBLY LOSE WHAT LITTLE WOULD BE AT RISK $10 PER LOT SPREAD, THEN THIS ISNT FOR YOU.

Option SPX Jun 16 2012 1340.00 Call
Action Buy to Open
Contracts 30
Option SPX Jun 16 2012 1345.00 Call
Action Sell to Open
Contracts 60
Option SPX Jun 16 2012 1350.00 Call
Action Buy to Open
Contracts 30
Market
Credit
Debit

Even


Quote SPX   1,325.16   0.98 Bid 1,324.93 Ask 1,325.49 Volume 0
SPX JUN 16 2012 1340.00 CALL
SPX JUN 16 2012 1345.00 CALL
SPX JUN 16 2012 1350.00 CALL
Bid 1.05 0.65 0.40
Ask 2.50 1.50 0.55
Last 2.05 1.00 0.50
Change -0.45 [-18.00%] -0.65 [-39.39%] -0.55 [-52.38%]
Volume 1,327 4,106 4,578
Delta 0.30 0.24 0.19
Open Int 27,362 12,981 165,534
Desc SPX Jun 16 2012 1340.00 Call SPX Jun 16 2012 1345.00 Call SPX Jun 16 2012 1350.00 Call
Net Quote
Bid
1.55credit
Mid
0.10debit
Ask (natural)
1.75debit
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