WE ARE ATTEMPTING TO PUT IN AN SPX OCT26 BEAR CALL SPREAD WITH STRIKES 1490-1495 AT .45 CREDIT.

THIS WILL FILL ON A FURTHER BUMP IN THE SPX TODAY. WE PLAN ON COMPLETING THIS AND CONDORING IT WITH A PUT SIDE IF THERE IS A SELL OFF TODAY OR TOMORROW.

THIS SPX BEAR CALL IS WELL ABOVE THE SPX UPPER BOLLINGER BAND LEVEL AND SHOULD PROVIDE A DECENT CUSHION BEFORE THREATENING OUR SPREAD.

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HERE ARE THE ORDER DETAILS

Order Details

Leg Action Contracts Option Description Price Duration
Leg 1 Buy to Open 3 SPXW Call SPXW Oct 26 2012 1495.00 Call Credit 0.45 Day Order
Leg 2 Sell to Open 3 SPXW Call SPXW Oct 26 2012 1490.00 Call
Est. Option Reqs: Creates Credit Spread: $1,500.00
Est. Trade Value: $135.00
Est. Commission: $8.85
Estimated Fee: $0.18
Net Trade Value: Credit: $125.97
Funds required for this trade: $1,374.03
Quote SPX   1,461.58   0.67 Bid 1,461.33 Ask 1,461.90 Volume 0
SPXW OCT 26 2012 1495 CALL
SPXW OCT 26 2012 1490 CALL
Bid 0.60 0.95
Ask 0.75 1.10
Last 0.70 1.10
Change -0.35 [-33.33%] -0.40 [-26.67%]
Volume 87 372
Delta 0.07 0.10
Open Int 1,070 4,548
Desc SPXW Oct 26 2012 1495.00 Call SPXW Oct 26 2012 1490.00 Call
Net Quote
Bid (natural)
0.20credit
Mid
0.35credit
Ask
0.50credit
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