*****UPDATE***** 6/24/12 11:25PM

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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*****UPDATE***** 6/22/12 1:26PM

UP PRICE TO 1.50 LETS GET THIS FILLED OR AT LEAST TRY TOO! BECAUSE PRICE UPDATED TO 1.50 THE PROFIT RANGE WILL BE SLIGHTLY NARROWER.

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THIS WILL BE 1.15 DEBIT. THE PLAY REACHES FULL VALUE OF $5.00 IF FINISHES 1330 TODAY.

THE PROFIT RANGE IS 1326.85 ALL THE WAY TO 1333.85, WITH PROFIT IN BETWEEN.

NO MORE THAN 2.5% OF ACCOUNT!!!!!!!

Order Details

You have entered a butterfly.
Leg Action Contracts Option Description Price Duration
Leg 1 Buy to Open 5 SPXW Put SPXW Jun 22 2012 1325.00 Put Debit 1.15 Day Order
Leg 2 Sell to Open 10 SPXW Put SPXW Jun 22 2012 1330.00 Put Debit 1.15 Day Order
Leg 3 Buy to Open 5 SPXW Put SPXW Jun 22 2012 1335.00 Put Debit 1.15 Day Order

Quote SPX   1,331.67   6.16 Bid 1,331.45 Ask 1,332.10 Volume 0
SPXW JUN 22 2012 1325.00 PUT
SPXW JUN 22 2012 1330.00 PUT
SPXW JUN 22 2012 1335.00 PUT
Bid 1.00 2.30 4.70
Ask 1.20 2.60 5.30
Last 1.05 2.80 5.50
Change -3.65[-77.66%] -5.70[-67.06%] -4.90[-47.12%]
Volume 3,574 1,241 233
Delta -0.34 -0.46 -0.58
Open Int 11,379 3,886 2,017
Desc SPXW Jun 22 2012 1325.00 Put SPXW Jun 22 2012 1330.00 Put SPXW Jun 22 2012 1335.00 Put
Net Quote
Bid
0.50debit
Mid
1.20debit
Ask (natural)
1.90debit

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