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November 28, 2012

SPX Nov5'12 Bear Call spread


Sell Nov5 1420 call
Buy Nov5 1425 call
Credit: .40¢
Margin: $4.60
Return: 8.69%
Filled: .40¢ and .65¢ Cost: .525¢

Risk Profile:

Order:

Update: 11/29/12

S&P continues to attempt to rally and any bit of news from Washington can send SPX one way or the other. We still holding our 1420/1425 Bear Call spread, using S&P E-mini futures can help hedge overnight risk (GAP UP).

Update: 11/30/12

Closed 1/2 position for .30¢ debit or 5.02% Return
Closed the rest for .25¢ debit. Total .25¢ gain or 5.58% Return