*****UPDATE***** 6/24/12 11:23PM

THIS TRADE WAS SMALL WEEKLY LOTTO, AND EXPIRED AT FULL LOSS. REMEMBER WE WERE MAINLY CASH LAST WEEK, AND THEREFORE SAVED A LOT OF MONEY BY NOT FOLLOWING THE BULLS BY BEING LONG INTO THURSDAY’S MASSACRE. THERE IS A LOT OF MARKET MANIPULATION GOING ON RIGHT NOW, AND BEST TO STAY SAFE IN CASH FOR THE MOST PART.

YES, AND I CAN HEAR IT NOW, I MISSED A LOT OF THE RUN UP BY BEING CASH. TRUE, BUT THE MARKET USUALLY TAKES STEPS UP, AND THE ELEVATOR ON THE WAY DOWN. THEREFORE FOR RESPONSIBLITY, THATS WHY WE CHOSE THE SAFER WAY AND PLAYED A FEW SMALL PLAYS LAST WEEK.

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DEBIT CALL BUTTERFLY AT .65 WHEN WAS LOOKING AT IT A SECOND AGO IT WAS .53 MIDPRICE NEVER KNOW THAT TRADE COULD BE WORTH $5.00 IF SPX FINISHES AT 1325 TODAY.

NO MORE THAN 2% ACCOUNT TO THIS TRADE, WE ARE STAYING HUGELY CASH RIGHT NOW!!!!!

Order Details

Leg Action Contracts Option Description Price Duration
Leg 1 Buy to Open 5 SPXW Call SPXW Jun 22 2012 1320.00 Call Debit 0.65 Day Order
Leg 2 Sell to Open 10 SPXW Call SPXW Jun 22 2012 1325.00 Call
Leg 3 Buy to Open 5 SPXW Call SPXW Jun 22 2012 1330.00 Call


Quote SPX   1,328.21   2.70 Bid 1,327.94 Ask 1,328.51 Volume 0
SPXW JUN 22 2012 1320.00 CALL
SPXW JUN 22 2012 1325.00 CALL
SPXW JUN 22 2012 1330.00 CALL
Bid 8.10 4.30 2.05
Ask 10.00 5.70 2.30
Last 12.85 6.80 2.30
Change 3.05[31.12%] 0.30[4.62%] -1.40[-37.84%]
Volume 41 145 1,104
Delta 0.70 0.58 0.46
Open Int 1,054 4,272 2,667
Desc SPXW Jun 22 2012 1320.00 Call SPXW Jun 22 2012 1325.00 Call SPXW Jun 22 2012 1330.00 Call
Net Quote
Bid
1.25credit
Mid
1.23debit
Ask (natural)
3.70debit

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