WE ARE USING TODAYS HEIGHTENED VOLATILITY TO SELL PREMIUM AT FURTHER OUT STRIKES THAN IS USUALLY AVAILABLE, AT THIS POINT IN THE WEEKLY EXPIRY CYCLE.

THIS 1375-1370 BULL PUT IN THE SPX IS NEAR THE 200 DAY MOVING AVERAGE WHICH IS IN THE 1370-75 AREA, AND SHOULD PROVIDE ENOUGH BREATHING ROOM FOR ANY FURTHER DECLINE IN THE SPX.

IF THIS TRADE EXECUTES IT WILL BE A 10% POSSIBLE PROFIT UPON OCT26 EXPIRY TRADE.

WE HAVENT BEEN FILLED YET, BUT HAVE A VERY GOOD SHOT OF IT BEING FILLED BY THE EOD.

Your Order Has Been Submitted

Order Details

You have entered a spread.
Leg Action Contracts Option Description Price Duration
Leg 1 Buy to Open 3 SPXW Put SPXW Oct 26 2012 1370.00 Put Credit 0.50 Day Order
Leg 2 Sell to Open 3 SPXW Put SPXW Oct 26 2012 1375.00 Put Credit 0.50 Day Order
Quote SPX   1,409.74   -24.08 Bid 1,409.24 Ask 1,409.88 Volume 0
SPXW OCT 26 2012 1370 PUT
SPXW OCT 26 2012 1375 PUT
Bid 2.40 2.90
Ask 2.60 3.10
Last 2.45 2.90
Change 1.75 [250.00%] 2.15 [286.67%]
Volume 8,094 3,816
Delta -0.15 -0.18
Open Int 2,814 5,605
Desc SPXW Oct 26 2012 1370.00 Put SPXW Oct 26 2012 1375.00 Put
Net Quote
Bid (natural)
0.30credit
Mid
0.50credit
Ask
0.70credit
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