TRADE UPDATE CONDOR COMPLETE THE PLAY

12/21/12 9:45am est

TRYING TO CONDOR COMPLETE PUT SIDE.

SELL TO OPEN DEC22 SPY 140.5 PUTS

BUY TO OPEN DEC22 SPY 139.5 PUTS

EQUAL NUMBER UP TO OUR 30 CONTRACT LOTS ON CALL SIDE

NET CREDIT .06 OR ADDITIONAL 6% GAIN TODAY

HOPEFULLY THIS WILL EXECUTE AROUND WHEN BOEHNER SPEAKS

Your Order Has Been Submitted
Account: XXXXXXXX – Roth Account

Order Details

You have entered a spread.
Leg Action Contracts Option Description Price Duration
Leg 1 Buy to Open 30 SPY Put SPY Dec 22 2012 139.50 Put Credit 0.06 Day Order
Leg 2 Sell to Open 30 SPY Put SPY Dec 22 2012 140.50 Put Credit 0.06 Day Order
Quote SPY   142.60   -1.49 Bid 142.60 Ask 142.61 Volume 36,399,819
SPY DEC 22 2012 139.5 PUT
SPY DEC 22 2012 140.5 PUT
Bid 0.06 0.11
Ask 0.07 0.13
Last 0.06 0.10
Change N/A [N/A] 0.01 [11.11%]
Volume 805 230
Delta -0.03 -0.06
Open Int 13,206 29,960
Desc SPY Dec 22 2012 139.50 Put SPY Dec 22 2012 140.50 Put
Net Quote
Bid (natural)
0.04credit
Mid
0.06credit
Ask
0.07credit

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

OUR ORDER WE SET WHILE STALKING TRIGGERED AND EXECUTED. WE DIDN’T DIRECTLY BLOG THE ORDER ENTRY, BUT DID TWEET WE WERE STALKING THIS TRADE.

TWO REASONS WE DIDN’T BLOG THE ORDER DIRECTLY, WAS FIRST OF ALL DIDN’T THINK IT WOULD ACTUALLY GET UP THERE.

SECONDLY, IF DID GET UP THERE, THERE WOULD BE PLENTY OF TIME TO GET THE ORDER OUT OFFICIALLY & FILLED. ON THOSE THAT DIDN’T ACT ON THE STALK ORDER TWEET.

THE SPX IS MAGNETIZED TOWARDS 1450/55 THIS WEEK, AND FEEL SPY WONT MOVE TOO MUCH MORE NORTH FROM THAT SHORT TERM, BARRING A CRAZY GRAND BARGAIN FISCAL CLIFF DEAL.

IF WE DO GET ANOTHER HUGE MOVE UP, WE WILL ROLL OUT THIS SPREAD.

ORDER WAS AS FOLLOWS

147/48 DEC 22 SPY CREDIT SPREAD @ .10 CREDIT

Your Order Has Been Submitted
#KEEP IN MIND THE ORDER BELOW WAS SUBMITTED EARLIER#
#CURRENTLY SITS AROUND .10 TO .12 CREDIT AS OF PUBLISH#
Account: XXXXXXXX – Roth Account

Order Details

You have entered a spread.
Leg Action Contracts Option Description Price Duration
Leg 1 Buy to Open 30 SPY Call SPY Dec 22 2012 148.00 Call Credit 0.10 Day Order
Leg 2 Sell to Open 30 SPY Call SPY Dec 22 2012 147.00 Call Credit 0.10 Day Order
Quote SPY   144.82   1.05 Bid 144.82 Ask 144.83 Volume 64,791,729
SPY DEC 22 2012 148 CALL
SPY DEC 22 2012 147 CALL
Bid 0.08 0.15
Ask 0.09 0.16
Last 0.08 0.16
Change 0.03 [60.00%] 0.08 [100.00%]
Volume 13,907 13,509
Delta 0.08 0.15
Open Int 102,129 122,709
Desc SPY Dec 22 2012 148.00 Call SPY Dec 22 2012 147.00 Call
Net Quote
Bid (natural)
0.06credit
Mid
0.07credit
Ask
0.08credit
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