12/15/12

OUR SPY CREDITSPREADS EXPIRED AT A FULL WEEKLY GAIN OF 10%, ALSO HAD YOU FOLLOWED OUR TWITTER ALERT OF THOSE WHO WISHED TO AVERAGE IN A LITTLE MORE RISK, WE ADDED ANOTHER 1/3 ORDER EXPOSURE ON 12/11/12 at .19 CREDIT.

12/11/12 Bought to Open 6 SPY Call

Spy Dec 14 2012 146.00 Call
SPY Dec 14 2012 146.00 Call $0.16 $9.85 $0.19 -$106.04
12/11/12 Sold to Open -6 SPY Call

Spy Dec 14 2012 145.00 Call
SPY Dec 14 2012 145.00 Call $0.35 $0.90 $0.22 $208.88

AFTER ADDING OUR ADDITIONAL 1/3 RISK THAT WEEK, 3ddHedge BROUGHT IN 19 X 10 =190 ON ORIGINAL TRADE AND 6 X 19 = 114 ON AVERAGE IN TRADE. OUR TOTAL NUMBER OF SPREADS IN THE TRADE WAS 25 OR 2500 AT RISK IN THE TRADE.

NET RETURN 12.1% OR ROUNDABOUT. 190 + 114 = 304/ 2500 = 12.1%

WE DID NOT BLOG ALERT THAT EXTRA TRADE, SINCE WAS AVERAGING IN A LITTLE HIGHER RISK TO THE TRADE. WE NORMALLY DO NOT DO SUCH A MOVE, BUT THE CHARTS AND OTHER FACTORS I TRACK, MADE THAT AVERAGE IN A VERY SWEET RISK/REWARD TO TAKE. IF THE TRADE HAD GONE WRONG WE WOULD HAVE ROLLED OUT TO JANUARY AS THE MARKET LOOKS RIPE FOR A JANUARY PULL BACK ANYWAYS. IN THE MEANTIME WE WOULD HAVE CONTINUED TO SELL BULL PUT SPREADS SAFELY OUT OF MONEY TO CONTINUE LOWERING OUR RISK AND RAISING POTENTIAL PROFITS INTO JANUARY.

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WE LOWERED OUR CREDIT TO .10 IN THE LAST FEW MINUTES FROM .11 AND THEN IT FILLED, ON A SMALL LAST MINUTE BUMP UP. WE PLAN ON PUT CONDOR COMPLETING THIS TRADE EARLY NEXT WEEK.

ORDER WAS AS FOLLOWS.

Your Order Has Been Submitted

            Order Details

                        You have entered a spread.
Leg Action Contracts Option Description Price Duration
Leg 1 Buy to Open 19 SPY Call

SPY CALL 146 20121214
SPY Dec 14 2012 146.00 Call                             Credit 0.10                             Day Order
Leg 2 Sell to Open 19 SPY Call

SPY CALL 145 20121214
SPY Dec 14 2012 145.00 Call                             Credit 0.10                             Day Order
QuoteSPY                              142.43                              0.45Bid142.42Ask142.43Volume96,268,866
Waiting Circle
SPY DEC 14 2012 146 CALL
SPY DEC 14 2012 145 CALL
Bid 0.09 0.21
Ask 0.11 0.23
Last 0.10 0.22
Change -0.01 [-9.09%] 0.03 [15.79%]
Volume 22,752 33,512
Delta 0.09 0.16
Open Int 13,137 50,548
Desc SPY Dec 14 2012 146.00 Call SPY Dec 14 2012 145.00 Call
Net Quote
Bid (natural)
0.10credit
  Mid
0.12credit
Ask
0.14credit
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