WE ARE ATTEMPTING THIS TRADE AND MAY LOWER IT TO .60 CREDIT, BUT EXPECT A LITTLE MORE OOMPH BY THE END OF THE DAY.

1515 IS ABOVE 5 YEAR HIGHS IN THE SPX AND MORE, AND FEEL WOULD EASILY BE ROLL ADJUSTED IF NECESSARY.

THIS TRADE WILL BE PLACED IN THE MOST CONSERVATIVE OF OUR FUNDS, THE M-2/11 FUND.

IN THAT FUND WE ROLL WHEN WE HAVE TO, UNLIKE PRICELINE WHICH WAS BLOGGED FOR TRANSPARENCY, BUT A MORE RISKY PLAY OUTSIDE OF THE M-2/11 FUND.

IF FILLED, WE WILL PUT CONDOR THIS PLAY IF GIVEN THE RIGHT OPPORTUNTIY.

PLEASE FORGIVE ANY GRAMMATICAL ERRORS, WAS WRITTEN ON THE FLY.

Your Order Has Been Submitted
Account: XXXXXXXXX – IRA Account

Order Details

You have entered a spread.
Leg Action Contracts Option Description Price Duration
Leg 1 Buy to Open 6 SPXW Call SPXW Feb 01 2013 1520.00 Call Credit 0.65 Day Order
Leg 2 Sell to Open 6 SPXW Call SPXW Feb 01 2013 1515.00 Call Credit 0.65 Day Order
Quote SPX   1,465.04   2.62 Bid 1,464.74 Ask 1,465.26 Volume 0
SPXW FEB 01 2013 1520 CALL
SPXW FEB 01 2013 1515 CALL
Bid 1.90 2.45
Ask 2.35 3.00
Last 2.15 2.70
Change N/A [N/A] N/A [N/A]
Volume 24 62
Delta 0.10 0.13
Open Int 72 0
Desc SPXW Feb 01 2013 1520.00 Call SPXW Feb 01 2013 1515.00 Call
Net Quote
Bid (natural)
0.10credit
Mid
0.60credit
Ask
1.10credit

 

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