Closing (IRA): SPX November 26th 2005/4055 SPV

... for a 2.40 debit.

Comments: In for 4.80 (See Post Below); out for 2.40 here at the open (50% max). This is the last of my SPX spreads I put on in debt ceiling discussion volatility. I'll re-up on weakness plus implied volatility >20%; it's around 16.1% here.