Trade Alert - (SPY) August 21, 2015
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 - (SPY)- TAKE PROFITS CORRECTION
Sell the S&P 500 SPDR?s (SPY) September, 2015 $211-$215 in-the-money vertical bear put spread at $3.85 or best
Closing Trade: not for new subscribers
8-21-2015
expiration date: September 18, 2015
Portfolio weighting: 10%
Number of Contracts = 30 contracts
I?m sorry, but my computer just crashed. When my options trading SCREENS rebooted, they brought up the August expiration instead of September.
So the closing prices for my last trade alert to take profits were wrong. The correct prices and screenshot of my trade ticket are below.
It means you made 16.2% instead of 20% in a single day. It?s still a great trade. Its days like this where everything conspires to work against you.
We have captured almost the entire potential profit for this trade in a single day!
This makes the S&P 500 SPDR?s (SPY) September, 2015 $211-$215 in-the-money vertical bear put spread the best trade we have executed in 2015.
Take the profit! Grab for the barrel of dry powder so we can reload on the short side during the next big rally next week.
And you had the cajones to bet against a six-month range to make money on this one.
Well done traders!
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 30 September, 2015 (SPY) $215 puts at????.??$16.20
Buy to cover short 30 September, 2015 (SPY) $211 puts a?$12.35
Net Proceeds:???????????????????.....$3.85
Profit: $3.85 - $3.31 = $0.54
(30 X 100 X $0.54) = $1,620 or 1.62% profit for the notional $100,000 portfolio.
