Trade Alert - (GOOGL) April 17, 2018 TAKE PROFITS

When John identifies a strategic exit point, he will send you an alert with specific trade information as to what security to sell, when to sell it, and at what price. Most often, it will be to TAKE PROFITS, but, on rare occasions, it will be to exercise a STOP LOSS at a predetermined price to adhere to strict risk management discipline.

Alert

Trade Alert - (GOOGL) TAKE PROFITS

SELL the Alphabet (GOOGL) April, 2018 $900-$930 in-the-money vertical bull call spread at $29.90

Closing Trade- NOT FOR NEW SUBSCRIBERS

4-17-2018

expiration date: April 20, 2018

Portfolio weighting: 10%

Number of Contracts = 4 contracts

It's amazing how fast this market goes from famine to feast. But we were positioned exactly for that.

The blowout earnings reported by Netflix (NFLX) yesterday has triggered a melt up in all of tech land.

More Netflix means more of everything as it creates demand for products and services for the entire technology ecosystem, from chips to broadband and everything in between.

It is also good for our friend Alphabet (GOOGL) where we have a double long position which is up a robust $30.

With only three days left in our April position until the?Friday expiration it is trading at our maximum expiration value of $29.90.

So I am therefore selling the Alphabet (GOOGL) April, 2018 $900-$930 in-the-money vertical bull call spread at $29.90. At this point cash has more value that the few cents we have left from carrying it until expiration.

This was a bet that the (GOOGL) would not trade below $930 at the April 20 expiration date in 13 trading days. We are 15% above that level now.

Coming out here your ae earning a welcome $1,400, or 13.25% in 10 trading days.

You may remember when we strapped on this trade with (GOOGL) at $1,000, other advisors were running around like chickens with their heads cut off, predicting that the stock wouldn't become a safe "BUY" until it hit $900.

This is why you subscribe to my newsletter and not theirs.

Options become illiquid with three days to expiration 15% in-the-money. So, enter your order to sell at my level and wait a few minutes.

If you don't get done, cancel your order and move it down in 10 cent increments until you are. Or you could wait three more days and collect the full $30.00.

With this trade my?Mad Hedge Trade Alert Service?up?10.70% so far in April, up +17.46% in 2018, and up a breathtaking?54.04% on a trailing 12-month basis. We are now gunning for an all-time record month up +13%. As of this morning, the Dow Average is unchanged on the year.

It is a performance that causes my competitors to absolutely weep.

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

Sell 4 April 2018 (GOOGL) $900 calls at....$179.00
Buy to cover short 4 April 2018 (GOOGL) $930 calls at ....$149.10
Net Proceeds:..............................................................$29.90

Profit: $29.90 - $26.40 = $3.50

(4 X 100 X $3.50) = $1,400 or 13.25% in 10 trading days.

To see how to enter this trade in your online platform, please look at the order ticket above, which I pulled off of Interactive Brokers.

If you are uncertain on how to execute an options spread, please watch my training video on How to Execute Vertical Call and Put Debit Spreads by clicking here.

You must be logged into your account to view the video.

Please keep in mind that these are ballpark prices only. There is no telling how much the market can move by the time you get this.

Be sure you've signed up for our FREE text alert service. When seconds count, this feature offers a trading advantage. In today's market, investors need every advantage they can get.

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 close to expiration.

If you don't get done, don't worry. There are another 250 Trade Alerts coming at you over the coming 12 months.

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