SPDR S&P 500 (SPY)

[Neutral Man]

We'll be use-ing the GAP Up to Add shorts in anticipation of a Armageddon wave, BUT, we fully expect prices to break-out this week and make a RUN for the R3(47.79) instead!!??

Order to BtO, 960 Aug46 puts at 0.75??

Let's see if da-Boyz will let us have-em, dem Aug46 puts at .75 dat is, LOL!

August Open Positions:

BtO, 480 Aug45 puts at 1.90
BtO, 480 Aug46 puts at 2.50
BtO, 480 Aug46 puts at 1.32
BtO, 1920 Aug46 puts at 1.05

BtO, 480 Aug47 calls at 0.63
BtO, 960 Aug46 calls at 1.00

Total gains for the AuglOE = 22.20 against 40 contracts

30Jul10, posts as 6.00 against 40 contracts
BtO, 480 Aug46 puts at 1.00, StC at 1.50, .50 gain

29Jul10, posts as 4.80 against 40 contracts
BtO, 960 Aug46 calls at 1.08, StC at 1.18, .10 gain

26Jul10, posts as 1.80 against 40 contracts
StO, 480 Aug47 puts at 1.64, BtC at 1.49, .15 gain

22Jul10, posts as 6.00 against 40 contracts
BtO, 480 Aug45 calls at 1.14, StC at 1.64, .50 gain

20Jul10, posts as 3.60 against 40 contracts
BtO, 480 Aug45 calls at 0.80, StC at 1.10, .30 gain