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Trade Alert - (SPY) August 28, 2015

Trade Alert

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. This is your chance to ?look over? John Thomas? shoulder as he gives you unparalleled insight on major world financial trends BEFORE they happen.

Alert

Trade Alert - (SPY)- STOP LOSS

SELL the S&P 500 SPDR?s (SPY) September, 2015 $204-$208 in-the-money vertical bear put spread at $3.14 or best

Closing Trade: NOT FOR NEW SUBSCRIBERS

8-28-2015

expiration date: September 18, 2015

Portfolio weighting: 20% double weighting

Number of Contracts = 58 contracts-Double weighting

 

The best execution can be had by placing your bid for the entire spread in the middle market and waiting for the market to come to you. The difference between the bid and the offer on these deep in-the-money spread trades can be enormous.

Don?t execute the legs individually or you will end up losing much of your profit. Spread pricing can be very volatile on expiration months farther out.

Here are the specific trades you need to execute this position:

SELL 58 September, 2015 (SPY) $208 puts at????.??$10.80

BUY TO COVER 58 September, 2015 (SPY) $204 puts at..?$7.66
Net proceeds:???????????????????.....$3.14

LOSS: $3.26 - $3.14 = -$0.12

(58 X 100 X -$0.14) = -$696 or -0.69% LOSS for the notional $100,000 portfolio.

SPY

SPY 8-28-15

Burning Building

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