Trade Alert – (SPY)(2) Expiration, March 15, 2013

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)-(2)

Expiration of the SPDR S&P 500 (SPY) March, 2013 $140-$145 call spread

Closing Trade-not for new subscribers

3-15-2012

expiration date: 3-15-2012

Portfolio weighting: 10%

Number of Contracts = 22 contracts

This alert closing out our last remaining long position in the SPDR S&P 500 (SPY) March, 2013 $140-$145 call spread, adding a nice 1.48% to our performance.

You need to take no action to come out of this position. The long and short calls will cancel each other out, one getting exercised to meet the other. The margin will be freed up in your account on Monday, and the profit added to you cash account. Such is the wonder of in-the-money-call spreads.

This is the 17th consecutive closing position of the Mad Hedge Fund Trader’s Trade Alert Service. We have three more open positions on the books, taking us to 22. That means I only have four more successful trades until I break last summer’s record of 25 winners in a row.

Here are the expiration values of the options.

Long 22 March, 2013 (SPY) $140 calls at……………$15.83
Short 22 March, 2013 (SPY) $145 calls at..…….…….$10.83
Net Cost:…………………………………………..…….$5.00

Profit: $5.00 – $4.33 = $0.67

($0.67 X 100 X 22) = $1,474 – 1.48% for the notional $100,000 model portfolio.

SPY 3-15-13