Monthly Trading Advisory Fill Report: QQQ Call Credit Spread Open

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AutoTrade Fill Report - Monthly Advisory:

Date:

10/10/2011

Trade:

QQQ Call Credit Spread Open

*Create 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 $0.26 - $0.28; I had to move the credit limit price around to ensure fills.

*My own transactions executed at $0.28

Trade Rationale:

--Market approaching overbought conditions.

--Approaching chart resistance and 200 DMA resistance at 56

--Strong resistance at 57 exists in the event the 200 DMA is overtaken

--Large gap in chart to fill below 55

--3.4% above 13 DMA (an overbought signal for QQQ). Note, this condition can last for a couple days though.

--Large credit provides opportunity to close early on any pullback for profit.

--Theta decay is swift with only 11 days left in these options.

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