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
SELL the S&P 500 SPDR?s (SPY) May, 2015 $212-$215 in-the-money vertical bear put spread at $2.87 or best
expiration date: May 15, 2015
Portfolio weighting: 10%
Number of Contracts = 37 contracts
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.
If the price of this spread has moved more than 5% by the time you receive this Trade Alert, don?t chase it. Wait for the next one. There are plenty of fish in the sea.
Here are the specific trades you need to execute this position:
Sell 37 May, 2015 (SPY) $215 puts at?????$6.75
Buy to cover short 37 May, 2015 (SPY) $212 puts at..?$3.88
Profit: $2.87 – $2.69 = $0.18
(37 X 100 X $0.18) = $666 or 0.67% profit for the notional $100,000 portfolio.