Trade Alert - (FXY) May 17, 2016
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.
Trade Alert - (FXY)-TAKE PROFITS
SELL the Currency Shares Japanese Yen Trust (FXY) May, 2016 $91-$94 in-the-money vertical bear put spread at $2.98 or best
Closing Trade-NOT FOR NEW SUBSCRIBERS
5-17-2016
expiration date: May 20, 2016
Portfolio weighting: 10%
Number of Contracts = 38 contracts
Ladies and gentlemen, we have another winner.
The Currency Shares Japanese Yen Trust (FXY) May, 2016 $91-$94 in-the-money vertical bear put spread is showing a mark to market this morning of $3.00, its maximum expiration value on Friday.
So, I?m going to give you two cents to get it done. If you can?t execute at this price, run the position into the Friday expiration.
This trade brought in a 10.37% profit in 17 trading days.
It brings our May return up to a spectacular 11.25%, our 2016 year to date to 12.45%, and the Trade Alert service to yet another all time high of 204.10%.
If you have the ProShares Ultra Short Yen ETF (YCS) outright keep it. The yen is going much lower. However, in my travels around the US two weeks ago I discovered what might be a more pressing reason to push the yen up.
The best execution for the options 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.
To see how to enter this trade in your online platform, please look at the order ticket below, which I pulled off of optionshouse.
If you are uncertain on how to execute an options trade, please watch my training video on ?How to Execute a Vertical Bear Put Debit Spread? by clicking here at https://www.madhedgefundtrader.com/ltt-executetradealerts/. You must be logged into your account to view the video.
Don?t execute the legs individually or you will end up losing much of your profit.
Keep in mind that these are ballpark prices only.
Spread pricing can be very volatile, and the liquidity in the options market isn?t that great these days. If you can?t get done at the $2.60 price, then keep raising you bid in 5-cent increments until you succeed. If that doesn?t work, then just walk away.
More depth on the Japanese yen to follow.
Here are the specific trades you need to execute this position:
SELL 38 May, 2016 (FXY) $94 puts at?????..??$5.25
Buy to cover short 38 May, 2016 (FXY) $91 puts at..??.$2.27
Net Proceeds:????????????????.....$2.98
Profit: $2.98 - $2.70 = -$0.28
(38 X 100 X $0.28) = $1,064 or 10.37% profit in 18 trading days.
