SPX Credit Spread at 10:05AM
Net credit of $1.60
(Buy SPX 27JAN12 1330.0 Call
Sell SPX 27JAN12 1325.0 Call)
Comments: Maximum profit of 47% if SPX closes below 1325 on Jan 27 (Spread will reduce in value over the time)
Market is at stiff resistance, which will be difficult to sail through. It seems the market is peaked out for the short term.
Sell the rallies, but avoid shorting.
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