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AutoTrade Fill Report - Weekly Advisory:
Date:
09/15/2011
Trade:
SPY Put Credit Spread Close
AutoTrade Broker Fill Status:
eOption: Filled
TradeMonster: Partial Fill
OptionsXpress: Partial Fill
InvesTrade: Partial Fill
GlobalAutoTrade: Filled
TradeWallStreet: Filled
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TradingBlock: Filled
TradeKing: Partial Fill
All Brokers executed at limit price of $0.01
My own transactions executed at $0.01
Trade Rationale:
This is a proactive trade to free up the potential margin in case an adjustment is required to the XEO Call Credit Spread side of the Iron Condor. A potential adjustment may require me to expand the XEO trade from 5 strikes wide to 10 strikes. This would be treated as an additional spread as it would not be able to use the 5 point wide put spread margin. Therefore, closing this SPY trade frees up the margin if needed. The XEO puts will be expiring profitably on 9/16 anyway so no need to worry about them.
This will leave us long the 102 puts that will expire worthless tomorrow. Trade profit is reduced by the $0.01 debit to close and commission expenses. Still a profitable little trade.
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