Monthly Trading Advisory Fill Report: SPY Put Credit Spread Open
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AutoTrade Fill Report - Monthly Advisory:
Date:
09/30/2011
Trade:
SPY Put Credit Spread Open
Creates Iron Condor
AutoTrade Broker Fill Status:
eOption: Filled
TradeMonster: Filled
OptionsXpress: Filled
InvesTrade: Filled
GlobalAutoTrade: Filled
TradeWallStreet: Filled
TradingBlock: Filled
TradeKing: Filled
*All Brokers filled at the limit price of $0.20
*My own transactions executed at $0.20
Trade Rationale:
--Short strike 11% below market.
--Market approaching oversold conditions.
--Chart support holding (110-112). If support is broken 108 is next support area.
--Volatility has spiked OTM premiums.
--Large premiums allows us to close early for solid gain if selling sets in.
--85% probability of profit
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Posted-In: SPYTrading Ideas
