Large lot of SPY jul Put Spreads

Saw a large lot of SPY 112/102 bear Put Spread cross the tape at 1:46 est. 1 investor put on this spread via 39,000 contracts.

TOS July options chain for the SPY




Info provided by LiveVol

Major Index Recap and Outlook

I did anticipate a relief Rally, just not this strong this fast. The weekend news on the European Relief Plan did not solve any issues but looks like it cleared up some uncertainty. Here is a link covering the major indexes.
http://www.screencast.com/t/YTgzYThkODU

/ES closing out the last piece

Looks like we have tired some, and to tell you the truth I did not anticipate such a massive push. Might be forming a possible H&S here and I got real lucky catching this move so gonna take my chips off the table and walk away with a real nice winner. Closing out the last piece here @ 1156.50. If 1152 gives way, I will look at it again at the 1148 area to see if it holds.

Long 2 /ES contreact s @ 1136.50

Getting long 2 /ES contracts @ 1136.50 @ 11:20 pm est tonight stops are @ 1133 for now and shaving 1/2 off @ 1146.50 if we get there. Think this whole IMF bail out which in reality is not really new news, should give us a real nice push.

Weekend Update for 5/09/10

Video link to 4 of 4
http://www.screencast.com/t/YjEwOTQwZ

Weekend Update for 5/09/10

Here is the link to video 3 of 4

http://www.screencast.com/t/YmNhMGM3

Weekend Update for 5/09/10

Here is the link to the 2nd of 4 videos,

http://www.screencast.com/t/MTc3NDE1