SPDR S&P 500 (SPY)

[Neutral Man]

Foxman, I use Etrade and pay only .75 per contract or $75.00 for 100 contracts, even at $1.00/contract the comm is only -$100?

I bought 100 at .72 for $-7200 and sold at $1.40 for $14,000, that's $6800 less $-75.00 for comm, seems kinda trivial to even bring commissions up doesn't it?

Still have the 100 Aug47calls long @ .98 and 100 Aug48 calls short @ .70, that's the money I used to buy those Aug49 puts as it was both protection and in this case a profit generator.

I make the most money if the Q's close above 48.00 on 17Aug as I keep the full .68 from the Aug49 puts that I sold today and obviously I make the .70 from the Aug48 calls since my Aug47 calls cover any movement above 48.00!?

The least I can make is .40 (.68 + .70 = 1.40 less the cost of the Aug47 calls at -1.00 = .40), and that's only if the Q's close below 47.00 on 17Aug, Not Lilkey?

This is extremely sophisticated stuff but what da-boyz do EVERY OE period!

Good trades,
nm