THIS WILL BE ANOTHER SMALL GLD WEEKLY CONDOR PLAY. WE STILL HAVE OUR NOV30 GLD CONDOR OPEN, AND PLAN ON LETTING IT EXPIRE.

ON MONDAY NEXT WEEK, WE WILL LOOK AT OPENING UP A DEC14TH GLD CONDOR WITH THE MONEY RELEASED FROM THE NOV30 EXPIRY SPREAD.

THIS WILL START TO BECOME A LADDERING PROCESS, IF AFTER LOOKING INTO THE PREMIUMS TURN OUT TO BE SWEET ENOUGH.

HERE IS THE PLAY WE ARE ATTEMPTING AT .13 CREDIT OR $13 CREDIT PER CONTRACT LOT.

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Leg Action Contracts Option Description Price Duration
Leg 1 Sell to Open 15 GLD Put GLD Dec 07 2012 163.00 Put Credit 0.13 Day Order
Leg 2 Buy to Open 15 GLD Put GLD Dec 07 2012 162.00 Put
Leg 3 Buy to Open 15 GLD Call GLD Dec 07 2012 172.00 Call
Leg 4 Sell to Open 15 GLD Call GLD Dec 07 2012 171.00 Call
Quote GLD   167.21   0.66 Bid 167.20 Ask 167.21 Volume 3,524,655
GLD DEC 07 2012 163 PUT
GLD DEC 07 2012 162 PUT
GLD DEC 07 2012 172 CALL
GLD DEC 07 2012 171 CALL
Bid 0.18 0.12 0.11 0.18
Ask 0.20 0.14 0.13 0.20
Last 0.23 0.15 0.12 0.19
Change -0.20 [-46.51%] -0.10 [-40.00%] -0.02 [-14.29%] -0.03 [-13.64%]
Volume 41 14 138 63
Delta -0.11 -0.08 0.08 0.12
Open Int 804 467 683 843
Desc GLD Dec 07 2012 163.00 Put GLD Dec 07 2012 162.00 Put GLD Dec 07 2012 172.00 Call GLD Dec 07 2012 171.00 Call
Net Quote
Bid (natural)
0.09credit
Mid
0.13credit
Ask
0.17credit
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