TWEETED ORDER AND EXECUTION EARLIER TODAY, AND TRADE POST LATER.

WHY A CALENDAR??? WELL ODDS ARE THAT BMY WILL NOT BE BELOW 36 BY FEB1 EXPIRY. BY SELLING THE FEB1 36 PUTS AGAINST OUR LONG FEB16 36 PUTS. WE HAVE OFFSET OUR COST TO THE INITIAL .20 DEBIT. IT WOULD HAVE BEEN .25 DEBIT TO JUST ENTER LONG NON OFFSET FEB16 36 PUTS ALONE.

BMY HAS HAD A STELLAR RUN AS OF LATE, AND SOME OF THE BEST CHARTISTS INCLUDING @HARMONGREG FEELS PRETTY MUCH THE SAME AS I ON BMY FALLING BACK IN RANGE SOON. LINK TO HIS WRITEUP HERE http://stks.co/cJQS

AFTER FEB1 EXPIRY PASSES, AND HOPEFULLY BMY COOPERATES BY GOING LOWER WE WILL SELL FEB16 35 PUTS AGAINST OUR POSITION, FURTHER LOWERING OUR ENTRY COST. HOPEFULLY WE CAN SELL THE FEB16 35 PUTS FOR AT LEAST .10 OR HIGHER AT THE TIME OF COMPLETING THE DEBIT SPREAD HEDGE.

THIS PLAY COULD EVENTUALLY BECOME A FREE PLAY, OR GUARANTEED MONEY MAKER, IF BMY DIPS ENOUGH BY THE TIME WE SELL OUR 35 PUTS & SELL HIGHER THAN .20 CREDIT.

THIS IS WHY WE ELECTED A CALENDAR AND NOT JUST A ITM BEAR CALL FEB16 35/36 CREDIT SPREAD AT .80’ISH CREDIT.

PLEASE EXCUSE ANY GRAMMATICAL ERRORS, THIS WAS WRITTEN QUICKLY.

TRADE DETAILS

01/30/13 Bought to Open 35 BMY Put

Bmy Feb 16 2013 36.00 Put
BMY Feb 16 2013 36.00 Put $0.25 $14.20 $1.31 -$890.51
01/30/13 Sold to Open -35 BMY Put

Bmy Feb 01 2013 36.00 Put
BMY Feb 01 2013 36.00 Put $0.05 $5.25 $1.39 $168.36

DISCLAIMER OF WARRANTIES AND LIABILITY – WE ARE NOT AN INVESTMENT SERVICE OR NEWSLETTER, NOR DO WE HOLD ANY FINANCIAL LICENSES.

THIS SITE IS NOT AN INVESTMENT SERVICE,  NEWSLETTER,  NOR DOES IT INTENTIONALLY RECOMMEND OR INSTRUCT ANYONE TO FOLLOW ANY TRADES OR IDEAS POSTED ON THIS INFORMATIONAL BLOG.

OUR TRADE ALERTS ARE FREE ALERTS SENT OUT TO SHOW WHAT WE ARE TRYING, OR HAVE EXECUTED INTO.

The trades or ideas posted on this Blog 3ddhedgeinvestments.wordpress.com are posted to show certain, but not all, trades performed or attempted to be performed in my own Brokerage accounts.

Options involve risk. Prior to buying or selling an option, an investor must receive a copy of Characteristics and Risks of Standardized Options. Investors need a broker to trade options, and must meet suitability requirements.

All investors are advised to conduct their own independent research into individual stocks and options before making a purchase decision.

Past results of any trades are not necessarily indicative of future performance.

Due to the time critical nature of options trading, brokerage fees, 3ddhedgeinvestments cannot guarantee that other traders will or would mirror the exact performance stated about closed trades. Performance numbers shown are based on actual trades, and may be rounded for simplicity.

In no event shall 3ddhedgeinvestments be liable for direct, indirect, or incidental damages resulting from the use of the information provided on this Blog. Remember this is merely an educational informational blog that shows trades executed, or trade ideas that I’m trying to attempt.

3ddhedgeinvestments shall be indemnified and held harmless from any actions, claims, proceedings, or liabilities with respect to the information and its use.

This Agreement is personal to you, and you may not assign your right or obligations to anyone. If any provision of this Agreement is invalid or unenforceable under applicable law, the remaining provisions will continue in full force and effect.

Basically to sum it up:

This site is for informational purposes only. This is a site that will provide you with my trade ideas  that I am contemplating performing or trying to execute. If you decide to perform the trade(s) as well, it is at your own risk, and I am not liable for losses of any kind that may result, as we are not an Investment Newsletter or Service.

Trade Carefully!

Creditspread23

3ddHedgeInvestements

Advertisements