*10/01/2012*

THE TRADE HAS CLOSED  IN OUR ACCOUNT TODAY AT .35 DEBIT. CLOSE THIS TRADE AT .35 DEBIT OR LESS IF YOU ARE IN IT.

GAIN REALIZED SINCE 9/19/2012 WAS 2.30 PER CONTRACT LOT. WE HAD 2 LOTS SO

2X2.30 = 4.60 OR $460 NET GAIN ON THE CREDITSPREAD PLAY.

WE ARE NOW BACK TO 100% CASH

 

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

*9/28/12 TRADE UPDATE*

WE HAVE PLACED A DAY ORDER TO CLOSE OUT OUR BEAR CALL CREDIT SPREAD EARLY WITH 86% OF OUR POTENTIAL PROFITS ALREADY ACHIEVED.

CLOSE OUT EARLY @.35 DEBIT ON AN ORIGINAL 2.65 RECEIVED CREDIT SPREAD. PROFIT OF 2.30 EACH LOT, ONCE EXECUTED.

IF THIS ORDER DOES NOT EXECUTE TODAY, WE WILL RE-EVALUATE MONDAY, AND POSSIBLY TRY AGAIN THEN.

WE ARE LOOKING FOR A MOVE IN THIS MARKET ONE WAY OR ANOTHER BY NEXT FRIDAY WITH THE NON FARM PAYROLLS COMING NEXT FRIDAY.

WE WILL TRY AND RE POSITION AFTER CLOSING THIS TRADE NEXT WEEK WITH OUR PROFITS TAKEN AND BACK TO 100% CASH.

Order Details

You have entered a spread.
Leg Action Contracts Option Description Price Duration
Leg 1 Buy to Close 2 NDX Call NDX Oct 20 2012 2975.00 Call Debit 0.35 Day Order
Leg 2 Sell to Close 2 NDX Call NDX Oct 20 2012 3000.00 Call
Quote NDX   2,806.23   -15.37 Bid 0.00 Ask 0.00 Volume 0
NDX OCT 20 2012 2975 CALL
NDX OCT 20 2012 3000 CALL
Bid 0.90 0.50
Ask 1.15 0.80
Last 1.09 0.65
Change -0.30 [-21.58%] -0.35 [-35.00%]
Volume 1,168 807
Delta 0.03 0.02
Open Int 1,965 1,540
Desc NDX Oct 20 2012 2975.00 Call NDX Oct 20 2012 3000.00 Call
Net Quote
Bid
0.10debit
Mid
0.38debit
Ask (natural)
0.65debit
Account Value$6,552.20
Total Cash and Money Fund $0.00
Securities -$130.00

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

9/19/12

THE TRADE EXECUTED IN OUR ACCOUNT @2.65 CREDIT AND LEFT US STILL AT 27% CASH

*****ONE NOTE THE MID PRICE HAS MOVED TO 2.85 WHILE WRITING THIS POST SO YOU MAY BE ABLE TO GET MORE NOW.*****

THE MARKET MAY CONTINUE TO RUN HIGHER FROM HERE, BUT HAVE TAKEN A NEAR 112 POINT CUSHION ON THIS OCT20 2975/3000 BEAR CALL SPREAD.

UPON EXPIRY THIS WILL BE A 2.65 DIVIDED BY 25 = 10.6% RETURN

THERE IS A SPREAD REQUIREMENT OF 2500 -265CREDIT =2235 PER SPREAD LOT OF WHICH WE HAVE 2 LOTS

WE ARE NEAR 5 YEAR HIGHS AS WELL, BUT THE ARGUMENT TO BE MADE AGAINST ANOTHER EXTREME PUSH UP HERE IS THAT THE NDX IS AT THE TOP OF MULTIPLE BOLLINGER BANDS RANGE, ESPECIALLY THE ALL IMPORTANT 3 MONTH ONE. HERE IS THE GRAPH OF THE 3 MONTH SET http://finance.yahoo.com/q/ta?s=^NDX&t=3m&l=on&z=l&q=l&p=b&a=&c=

NOW, IN NO WAY AM I SAYING THAT THIS TRADE COULDN’T GO WRONG IN THIS MASSIVE EASING ENVIRONMENT FROM ALL THE WORLDS CENTRAL BANKS. BUT TECHNICALLY THE 2975 LEVEL SHOULD BE A NICE RANGE TO BUFFER WITH.

AS STIPULATED BEFORE THE M-2/11 CREDIT SPREAD FUND IS A NEW SEPARATE FUND WITHIN THE 3DD HEDGE FAMILY. IN CASE YOU MISSED IT, THE INITIAL PROSPECTUS LAYOUT IS LINKED BELOW.

https://3ddhedgeinvestments.wordpress.com/category/m-211-credit-spread-fund/

IF WE GET A NICE SIZED PULL BACK IN THE NDX TOWARDS THE LOWER BOLLINGER BAND 3 MONTH LEVELS WE MAY IRON CONDOR THIS, BUT ONLY IF CONDITIONS ARE RIGHT, AS MARKETS STAIR STEP UP, BUT TAKE THE ELEVATOR DOWN. WE WOULDN’T WANT TO GET CAUGHT WITH OUR PANTS DOWN IN AN IRON CONDOR WHERE WE ADDED A PUT SIDE IN THE MIDDLE OF AN ELEVATOR RIDE DOWN.

Order Details
You are entering a spread.
Leg Action Contracts Option Description Price Duration
Leg 1 Buy to Open 2 NDX Call NDX Oct 20 2012 3000.00 Call Credit 2.65 Day Order
Leg 2 Sell to Open 2 NDX Call NDX Oct 20 2012 2975.00 Call
Est. Option Reqs: Creates Credit Spread: $5,000.00
Est. Trade Value: $530.00
Est. Commission: $7.55
Net Trade Value: Credit: $522.32
Funds required for this trade: $4,477.68
Account Value $6,159.87
Quote NDX   2,861.00   3.62 Bid 0.00 Ask 0.00 Volume 0
NDX OCT 20 2012 3000 CALL
NDX OCT 20 2012 2975 CALL
Bid 3.40 5.90
Ask 3.80 6.50
Last 3.69 6.26
Change -0.26 [-6.58%] -0.32 [-4.86%]
Volume 14 51
Delta 0.08 0.13
Open Int 881 825
Desc NDX Oct 20 2012 3000.00 Call NDX Oct 20 2012 2975.00 Call
Net Quote
Bid (natural)
2.10credit
Mid
2.60credit
Ask
3.10credit
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