CLOSE THE SHORT SEPT 149 CALL SIDE OF THE TRADE AND LEAVE THE LONG 150 CALL SIDE OPEN.

I AM DOING THIS BECAUSE I GET A COMMISSION FREE TRADE WHEN CLOSING SINGLE LEGS LESS THAN .05 COST

IT WOULD HAVE COST ME THE SAME TO CLOSE THE COMPLETE SPREAD, SO I ELECTED TO KEEP THE LONG SIDE AS A WHAT THE HELL, WHY NOT.

OUR PROFIT ON THIS TRADE, WAS .13 – .04 = .09 OR 9% FOR A ONE WEEK TRADE ON 14 CONTRACTS.

BTW IF THERE IS A HUGE MOVE UP TOMORROW WE WILL HAVE 14 SPY SEPT22 LONG 150 CALLS. WE MAY ELECT TO CLOSE THEM FOR SOME VALUE IF A MOVE IS BIG ENOUGH TO THE UPSIDE. 🙂

Order Details

Action Amount Option Description Price Duration Qualifiers
Buy to Close 14 Contracts SPY Call SPY Sep 22 2012 149.00 Call Limit 0.04 Day None
Est. Trade Value: $56.00
Estimated Fee: $0.40
Funds required for this trade: $56.40
Quote SPY   146.95   0.33 Bid 146.95 Ask 146.96 Volume 86,915,496
SPY SEP 22 2012 149 CALL
—
—
—
—
— — — —
Bid 0.03 — — — —
Ask 0.04 — — — —
Last 0.04 — — — —
Change N/A [N/A] — — — —
Volume 2,774 — — — —
Delta 0.05 — — — —
Open Int 82,292 — — — —
Desc SPY Sep 22 2012 149.00 Call — — — —

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THE 3DD HEDGE FUND WILL BE SUPERVISED UNTIL FURTHER NOTICE AND BE STRICTLY CREDIT SPREADS OR HIGH QUALITY DEBIT PUT SPREADS.

WE PUT 14 SPREADS IN THIS TRADE

IM SORRY FOR THE LACK OF GRAPHICS OR DEFINITION, BUT WAS RUSHED THIS PAST WEEK.

SPY Sept22 150-149 Credit spread at .13 credit.

Trade Details:

09/14/12 Sold to Open -14 SPY Call

Spy Sep 22 2012 149.00 Call
SPY Sep 22 2012 149.00 Call $0.28 $389.48
09/14/12 Bought to Open 14 SPY Call

Spy Sep 22 2012 150.00 Call
SPY Sep 22 2012 150.00 Call $0.15 -$221.46

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