Category: Open trades



We tweeted this trade on Twitter :

Creditspread23 ‏@creditspread23 28 Mar

Order placed $SPX Apr5 1590/1595 Bear callspreads @ .50 limit credit.

Β 3:43 PM – 28 Mar 13 Β· Details
and
Creditspread23 ‏@creditspread23 28 Mar Executed @ .50 credit…….. Monsters will be in my closet now. πŸ˜₯

Β This trade worked out,Β  to almost surely give us a nice 10% gain in a week.

Trade details are below:

03/28/13 Bought to Open 7 SPXW Apr 05 2013 1595.00 Call $0.75 -$535.26
03/28/13 Sold to Open -7 SPXW Apr 05 2013 1590.00 Call $1.25 $873.69

Bought to close 1560/65 bear call spread Apr5

Sold to open 1565/70 bear call spread Apr12

4 leg trade @ limit .25 credit

Rolled for safety

Original trade was Mar22 1560/65 for $1.00 credit, we then rolled to Apr5 1560/65 for additional .15 Credit, and then today we rolled again to Apr12 1565/70 for another .25 credit.

That brings our total credits to $1.40
πŸ™‚

Details of today’s roll are below:

04/03/13 Sold to Open -7 SPXW Apr 12 2013 1565.00 Call $5.75 $4,021.12
04/03/13 Bought to Open 7 SPXW Apr 12 2013 1570.00 Call $4.10 -$2,873.76
04/03/13 Bought to Close 7 SPXW Apr 05 2013 1560.00 Call $3.10 -$2,182.71
04/03/13 Sold to Close -7 SPXW Apr 05 2013 1565.00 Call $1.70 $1,186.19

This roll was on top of, and from a previous roll we performed on our original opened trade which was here.

https://3ddhedgeinvestments.wordpress.com/2013/03/19/executed-tweeted-earlier-wordpress-app-probs-spx-mar22-15601565-bear-call-1-00-credit-spy/

We rolled that original trade to our Apr5 1560/65 at .15 credit, of which that trade was rolled today.

Here are the trade details of that previous roll.

03/20/13 Bought to Close 7 SPXW Mar 22 2013 1560.00 Call $5.65 -$3,955.26
03/20/13 Sold to Close -7 SPXW Mar 22 2013 1565.00 Call $3.10 $2,169.74
03/20/13 Bought to Open 7 SPXW Apr 05 2013 1565.00 Call $10.65 -$7,455.26
03/20/13 Sold to Open -7 SPXW Apr 05 2013 1560.00 Call $13.35 $9,344.74

Potential further weakness from the Cyprus Euro issues led me to make this trade, and if wrong will adjust and roll out.

03/19/13 Sold to Open -7 SPXW Mar 22 2013 1560.00 Call $2.30 $1,606.18
03/19/13 Bought to Open 7 SPXW Mar 22 2013 1565.00 Call $1.30 -$922.71

Update 3/6/

If we get weakness as expected Thursday and get a chance to close this spread early for a nice profit, I will.

I say this because, I am also looking for a rebound Friday like usual lately. Once we get a rebound Friday, I will either reopen this spread again for more credit, or move to higher strikes.

Think of this as a close out, lock gains, and reset, type of roll.

If we get further weakness follow through on Friday; no worries, and can always open up a new weekly later.

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

Bought to open 12 $SPX Mar16 1560 calls

Sold to open 12 $SPX Mar16 1555 calls

Total limit credit of $1.15

Trade details later tonight.

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

Trade Details

03/05/13 Sold to Open -12 SPX Mar 16 2013 1555.00 Call $3.05 $3,657.75
03/05/13 Bought to Open 12 SPX Mar 16 2013 1560.00 Call $1.90 -$2,291.20

Quite simply, I plan to use any meaningful sell off soon to exit the Puts at a profit. I will not spread complete by selling Mar28 152 Puts against to offset the cost.

Why not spread complete? I will not because I believe $SPX wants all time highs north of 1576, but will not buy calls or bank on that possibility either. Instead I plan to continue to take advantage of probable quick $SPY Put scalps, and reasonably safe $SPX bear call credit spreads to stay ahead of this Fed induced Bull market.

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

Bought 17 Mar28 $SPY 153 PUTS @ 1.61 Trade details later.

1st scale in, scaled in at 75% though.

May open bear calls credit spreads, next today if can push a little higher.

*************************************************************************
Trade Details
03/05/13 Bought to Open 17 Β  SPY Mar 28 2013 153.00 Put $1.61 -$2,749.14

Bought 8 Mar16 155 puts @ 3.51 will hedge later.

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

*Update* 7:19 Pm EST

Here are the trade details:

02/28/13 Bought to Open 8 SPY Mar 16 2013 155.00 Put $3.51 -$2,818.45

Why did I buy outright $SPY puts and not a spread today? Quite simply put, I feel more downside to come very soon and wanted to scalp as much as possible, and or create a spread later.

Creating a spread later by selling lower puts at lower Spy prices would pretty much make it a free play if wished to sell lower spreads @ 3.51 credit.

For example, if SPY moves to 150 soon, I could sell 153 Puts against around 3.51 or higher, and make the spread of 155-153 of $2 mine to keep later on, if and only if SPY stays below 153 by Mar16 expiry.Β  A sale of lower SPY puts at higher than 3.51 would be guaranteed money in the bank, on top of getting all of my initial 3.51 debit back as well.

*Disclosure*

I already had a very small starter position in SPY Mar16 155 Puts bought on 2/5/13

Trade Details:

02/05/13 Bought to Open 2 SPY Mar 16 2013 155.00 Put $5.21 -$1,048.33

Total position now is 10 SPY Mar16 155 Puts at an average price (including commissions and fees) of $3.87 now per contract, or $3.86678 to be exact.

I have been wanting to average down for a while now, and figured today was the perfect opportunity.


We finally closed this spread out for .90 gain! Im tired of rolling it, and we were not going to risk losing it all on a massive recovery towards the end of the week!

Your Order Has Been Submitted
Β TOTAL PROFIT 1.90 Credits received – 1.00 Buy to close = .90 Credit Profit! Im happy to move on!
Account – IRA Account

Order Details

You have entered a spread.
Leg Action Contracts Option Description Price Duration
Leg 1 Buy to Close 7 SPXW Call SPXW Mar 01 2013 1515.00 Call Debit 1.00 Day Order
Leg 2 Sell to Close 7 SPXW Call SPXW Mar 01 2013 1520.00 Call Debit 1.00 Day Order
Quote SPXΒ Β  1,496.75Β Β  8.90 Bid 1,496.43 Ask 1,496.94 Volume 0
SPXW MAR 01 2013 1515 CALL
SPXW MAR 01 2013 1520 CALL
β€”
β€”
β€”
β€” β€” β€”
Bid 2.75 1.75 β€” β€” β€”
Ask 2.90 1.90 β€” β€” β€”
Last 2.85 1.80 β€” β€” β€”
Change -0.65 [-18.57%] -0.50 [-21.74%] β€” β€” β€”
Volume 2,675 3,170 β€” β€” β€”
Delta 0.22 0.16 β€” β€” β€”
Open Int 5,424 10,402 β€” β€” β€”
Desc SPXW Mar 01 2013 1515.00 Call SPXW Mar 01 2013 1520.00 Call β€” β€” β€”
NetΒ Quote
Bid
0.85debit
Mid
1.00debit
Ask (natural)
1.15debit

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

TODAY WE TWEETED OUR EXECUTION ON ANOTHER ROLL THAT WAS DOWN STRIKE LEVELS AND OUT TO MAR1.

THIS TIME WE BOUGHT TO CLOSE THE FEB22 1520/25 BEAR CALL SPREAD, AND SOLD TO OPEN MAR1 1515/20 BEAR CALL SPREAD @ 1.10 CREDIT

THIS BRINGS OUR TOTAL CREDIT RECEIVED TO $1.90 NOW.

BROKEN DOWN:

INITIAL FEB16 1520/25 WAS .65 NET CREDIT RECEIVED,

THEN ROLL FROM FEB16 1520/25 TO FEB22 1520/25 WAS .15 NET CREDIT RECEIVED,

AND FINALLY TODAY, THE ROLL FROM FEB22 1520/25 INTO MAR1 1515/20 WAS 1.10 NET CREDIT RECEIVED.

ALTOGETHER THAT EQUALS OUR $1.90 NET CREDIT RECEIVED SO FAR.

WE MAY STILL ROLL YET AGAIN, IF A FURTHER REASONABLE ADDITIONAL CREDIT OPPORTUNITY PRESENTS ITSELF.

02/20/13 Sold to Open -7 SPX Call

Spx Mar 01 2013 1515.00 Call
SPX Mar 01 2013 1515.00 Call $10.65 $7,451.05
02/20/13 Bought to Close 7 SPX Call

Spx Feb 22 2013 1520.00 Call
SPX Feb 22 2013 1520.00 Call $3.20 -$2,252.71
02/20/13 Sold to Close -7 SPX Call

Spx Feb 22 2013 1525.00 Call
SPX Feb 22 2013 1525.00 Call $1.75 $1,221.19
02/20/13 Bought to Open 7 SPX Call

Spx Mar 01 2013 1520.00 Call
SPX Mar 01 2013 1520.00 Call $8.10 -$5,673.76

FYI, WE ROLLED TODAY, IN CASE THERE IS A RELIEF RALLY TOMORROW WHICH HAPPENED THE LAST TIME SPX BROKE DOWN.

WE RECEIVED A VERY FAVORABLE ROLL, AND HAVE ANOTHER WEEK NOW FOR THE MARKETS TO BREAKDOWN SOME MORE.

AS ALWAYS APOLOGIZE FOR ANY GRAMMATICAL ERRORS MADE, WAS WRITTEN PRETTY QUICK TONIGHT.

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

FEB 15 ROLLED 1520/25 BEAR CALL SPREAD

INTO

1520/25 FEB22 BEAR CALL SPREAD @

NET .15 CREDIT

THAT BOUGHT US SOME TIME FOR A CORRECTION.

02/14/13 Sold to Open -7 SPXW Call

Spxw Feb 22 2013 1520.00 Call
SPXW Feb 22 2013 1520.00 Call $7.68 $5,374.69
02/14/13 Bought to Open 7 SPXW Call

Spxw Feb 22 2013 1525.00 Call
SPXW Feb 22 2013 1525.00 Call $5.13 -$3,601.26
02/14/13 Bought to Close 7 SPX Call

Spx Feb 16 2013 1520.00 Call
SPX Feb 16 2013 1520.00 Call $3.12 -$2,194.26
02/14/13 Sold to Close -7 SPX Call

Spx Feb 16 2013 1525.00 Call
SPX Feb 16 2013 1525.00 Call $0.72 $502.69

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

OUR M-2/11 MONTHLY CREDIT SPREAD WALKED INTO THIS SPREAD ON THIS RECENT FLASH RUN IN THE SPX.

WE TWEETED TRYING TO GET IN EARLIER TODAY. AS ALWAYS THIS IS JUST TO SHOW WHAT IS GOING ON AND SOME TRADES WE ARE IN.

THE SPX IS RIDING CLOSE TO ITS UPPER BOLLINGER BAND AND 1520 IS WAY ABOVE THE CURRENT BOLLINGER.

TRADE DETAILS BELOW ARE FROM WHEN THE ORDER WAS SUBMITTER EARLIER.

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 7 SPX Call SPX Feb 16 2013 1525.00 Call Credit 0.65 Day Order
Leg 2 Sell to Open 7 SPX Call SPX Feb 16 2013 1520.00 Call Credit 0.65 Day Order
Quote SPXΒ Β  1,466.99Β Β  5.97 Bid 1,466.73 Ask 1,467.24 Volume 0
SPX FEB 16 2013 1525 CALL
SPX FEB 16 2013 1520 CALL
β€”
β€”
β€”
β€” β€” β€”
Bid 2.10 2.65 β€” β€” β€”
Ask 2.60 3.30 β€” β€” β€”
Last 2.30 2.95 β€” β€” β€”
Change 0.40 [21.05%] 0.40 [15.69%] β€” β€” β€”
Volume 8,745 4,760 β€” β€” β€”
Delta 0.11 0.13 β€” β€” β€”
Open Int 29,980 17,252 β€” β€” β€”
Desc SPX Feb 16 2013 1525.00 Call SPX Feb 16 2013 1520.00 Call β€” β€” β€”
NetΒ Quote
Bid (natural)
0.05credit
Mid
0.63credit
Ask
1.20credit

 


UPDATE 2/21/13, Evening

THE ORIGINAL ALERT WAS SENT VIA WORDPRESS PHONE APP LIKE USUAL LATELY.

IM NOT ABLE TO COPY AND PASTE TRADE GRAPHICS UNTIL AFTER THE FACT, AND THEREFORE HERE ARE THE TRADE DETAILS FROM MY BROKERAGE SITE.

02/21/13 Bought to Open 9 SPX Put

Spx Feb 22 2013 1475.00 Put
SPX Feb 22 2013 1475.00 Put $0.80 -$733.78
02/21/13 Sold to Open -9 SPX Put

Spx Feb 22 2013 1480.00 Put
SPX Feb 22 2013 1480.00 Put $1.15 $1,030.12

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

CONDOR COMPLETED OUR EXISTING FEB22 1540/45 BEAR CALL SPREAD WITH 9 FEB22 $SPX 1480/75 @.35 CREDIT.

SELL TO OPEN
FEB22 1480 PUTS

BUY TO OPEN
FEB22 1475 PUTS

@.35 NET CREDIT

ADD THAT TO .50 RECEIVED ON BEAR CALL FEB22, =.85 CREDIT FOR THE WEEK.


We may get a bounce here, but decided to partly leg into a Deep ITM RUT bear call spread @ 3.75 credit. The RUT will eventually give in here soon. When it does, it will be epic!

Trade details will be posted later as this was written on WordPress App.

Sell to open
5 $RUT MAR16 890 CALLS

Buy to open
5 $RUT MAR16 895 CALLS
@TOTAL NET CREDIT 3.75

KEEP IN MIND – THIS WAS VERY SMALL PLAY! NOT GOING CRAZY IN THIS PLAY!

TRADE DETAILS JUST NOW POSTED TONIGHT, SINCE WASNT ABLE TO ON MY SMART PHONE WORDPRESS APP, AS I’M MAINLY TRADING ON MY PHONE ANYMORE.

02/21/13 Bought to Open 5 RUT Call

Rut Mar 16 2013 890.00 Call
RUT Mar 16 2013 890.00 Call $25.75 -$12,884.88
02/21/13 Sold to Open -5 RUT Call

Rut Mar 16 2013 885.00 Call
RUT Mar 16 2013 885.00 Call $29.50 $14,748.72

TODAY WE TWEETED OUR EXECUTION ON ANOTHER ROLL THAT WAS DOWN STRIKE LEVELS AND OUT TO MAR1.

THIS TIME WE BOUGHT TO CLOSE THE FEB22 1520/25 BEAR CALL SPREAD, AND SOLD TO OPEN MAR1 1515/20 BEAR CALL SPREAD @ 1.10 CREDIT

THIS BRINGS OUR TOTAL CREDIT RECEIVED TO $1.90 NOW.

BROKEN DOWN:

INITIAL FEB16 1520/25 WAS .65 NET CREDIT RECEIVED,

THEN ROLL FROM FEB16 1520/25 TO FEB22 1520/25 WAS .15 NET CREDIT RECEIVED,

AND FINALLY TODAY, THE ROLL FROM FEB22 1520/25 INTO MAR1 1515/20 WAS 1.10 NET CREDIT RECEIVED.

ALTOGETHER THAT EQUALS OUR $1.90 NET CREDIT RECEIVED SO FAR.

WE MAY STILL ROLL YET AGAIN, IF A FURTHER REASONABLE ADDITIONAL CREDIT OPPORTUNITY PRESENTS ITSELF.

02/20/13 Sold to Open -7 SPX Call

Spx Mar 01 2013 1515.00 Call
SPX Mar 01 2013 1515.00 Call $10.65 $7,451.05
02/20/13 Bought to Close 7 SPX Call

Spx Feb 22 2013 1520.00 Call
SPX Feb 22 2013 1520.00 Call $3.20 -$2,252.71
02/20/13 Sold to Close -7 SPX Call

Spx Feb 22 2013 1525.00 Call
SPX Feb 22 2013 1525.00 Call $1.75 $1,221.19
02/20/13 Bought to Open 7 SPX Call

Spx Mar 01 2013 1520.00 Call
SPX Mar 01 2013 1520.00 Call $8.10 -$5,673.76

FYI, WE ROLLED TODAY, IN CASE THERE IS A RELIEF RALLY TOMORROW WHICH HAPPENED THE LAST TIME SPX BROKE DOWN.

WE RECEIVED A VERY FAVORABLE ROLL, AND HAVE ANOTHER WEEK NOW FOR THE MARKETS TO BREAKDOWN SOME MORE.

AS ALWAYS APOLOGIZE FOR ANY GRAMMATICAL ERRORS MADE, WAS WRITTEN PRETTY QUICK TONIGHT.

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

FEB 15 ROLLED 1520/25 BEAR CALL SPREAD

INTO

1520/25 FEB22 BEAR CALL SPREAD @

NET .15 CREDIT

THAT BOUGHT US SOME TIME FOR A CORRECTION.

02/14/13 Sold to Open -7 SPXW Call

Spxw Feb 22 2013 1520.00 Call
SPXW Feb 22 2013 1520.00 Call $7.68 $5,374.69
02/14/13 Bought to Open 7 SPXW Call

Spxw Feb 22 2013 1525.00 Call
SPXW Feb 22 2013 1525.00 Call $5.13 -$3,601.26
02/14/13 Bought to Close 7 SPX Call

Spx Feb 16 2013 1520.00 Call
SPX Feb 16 2013 1520.00 Call $3.12 -$2,194.26
02/14/13 Sold to Close -7 SPX Call

Spx Feb 16 2013 1525.00 Call
SPX Feb 16 2013 1525.00 Call $0.72 $502.69

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

OUR M-2/11 MONTHLY CREDIT SPREAD WALKED INTO THIS SPREAD ON THIS RECENT FLASH RUN IN THE SPX.

WE TWEETED TRYING TO GET IN EARLIER TODAY. AS ALWAYS THIS IS JUST TO SHOW WHAT IS GOING ON AND SOME TRADES WE ARE IN.

THE SPX IS RIDING CLOSE TO ITS UPPER BOLLINGER BAND AND 1520 IS WAY ABOVE THE CURRENT BOLLINGER.

TRADE DETAILS BELOW ARE FROM WHEN THE ORDER WAS SUBMITTER EARLIER.

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 7 SPX Call SPX Feb 16 2013 1525.00 Call Credit 0.65 Day Order
Leg 2 Sell to Open 7 SPX Call SPX Feb 16 2013 1520.00 Call Credit 0.65 Day Order
Quote SPXΒ Β  1,466.99Β Β  5.97 Bid 1,466.73 Ask 1,467.24 Volume 0
SPX FEB 16 2013 1525 CALL
SPX FEB 16 2013 1520 CALL
β€”
β€”
β€”
β€” β€” β€”
Bid 2.10 2.65 β€” β€” β€”
Ask 2.60 3.30 β€” β€” β€”
Last 2.30 2.95 β€” β€” β€”
Change 0.40 [21.05%] 0.40 [15.69%] β€” β€” β€”
Volume 8,745 4,760 β€” β€” β€”
Delta 0.11 0.13 β€” β€” β€”
Open Int 29,980 17,252 β€” β€” β€”
Desc SPX Feb 16 2013 1525.00 Call SPX Feb 16 2013 1520.00 Call β€” β€” β€”
NetΒ Quote
Bid (natural)
0.05credit
Mid
0.63credit
Ask
1.20credit

As your agreemen

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Trade Carefully!

Creditspread23

3ddHedgeInvestements