Trade Alert - (SPY) - February 6, 2012
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.
Trade Alert- sell short the S&P 500 SPDR March 2012 (SPY) $139-145 Calls Spread at a net $.62
To add this position you need to execute two separate trades simultaneously
1) Sell short the S&P 500 SPDR March 2012 (SPY) $139 Calls at $.72 to take in option premium
2) Buy the S&P 500 SPDR March 2012 (SPY) $145 Calls at $.10 to cap your risk
Opening Trade
2-6-2012
expiration date: 3-17-2012
Portfolio weighting: 100% only when the (SPY) expires between $139-$145.
($100,000/$139/$.62) = 12 Contracts
Note: this is and out of the money naked option short, requires a level four option trading approval
Margin requirement: $7,300
Full text to follow.
