As a potentially profitable opportunity presents itself, John will send you an alert with specific trade information as to what should be bought, when to buy it, and at what price.
Trade Alert – (SPY) – Stop Loss
Sell the (SPY) August $130 puts at $3.81 or best
expiration date: August 17, 2012
Portfolio weighting: 5%
($5,000/100/$3.81) = 10 Contracts
Rumors are roiling the markets that a coordinated bailout package for Greece is in the works for this weekend, on the heels of the Sunday elections. The Euro has confirmed this by extending the trend up to $1.2620. We are seeing more confirming trends in the weak yen and US Treasury market. So it’s time to stop out of my one “RISK OFF” trade for a small loss and sell my 5% position in the (SPY) August $130 puts at $3.81 or best.