Trade Alert - (SPY) EXPIRATION February 22, 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 - (SPY)- EXPIRATION

EXPIRATION of the S&P 500 SPDR?s (SPY) February, 2016 $173-$178 in-the-money vertical bull call spread at $5.00

Closing Trade-Not for new subscribers

2-22-2016

expiration date: February 19, 2016

Portfolio weighting: 10%

Number of Contracts = 22 contracts

On Friday, the S&P 500 SPDR?s (SPY) February, 2016 $173-$178 in-the-money vertical bull call spread expired at it maximum potential profit point of $5.00.

That brought you a healthy 10.62% profit in only 14 trading days.

There is nothing you need to do to unwind this position. The long call should cancel out the short call and the margin should be credited to your account.

If it isn?t, call your broker immediately. Mistakes do happen.

Well done traders and on to the next one! This should bring you well up on your 2016 trading.

Here are the specific prices you need to close out this position:

Long 22 February, 2016 (SPY) $173 calls at???.??$19.00

Short 22 February, 2016 (SPY) $178 calls at.????..$14.00
Net Proceeds:????????????????......$5.00

Profit: $5.00 - $4.52 = $0.48

(22 X 100 X $0.48) = $1,056 or 1.06% profit for the notional $100,000 portfolio

Legal Disclaimer

There is a very high degree of risk involved in trading. Past results are not indicative of future returns. MadHedgeFundTrader.com and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice. Information for futures trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. Affiliates of MadHedgeFundTrader.com may have a position or effect transactions in the securities described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies.