• support@madhedgefundtrader.com
  • Member Login
Mad Hedge Fund Trader
  • Home
  • About
  • Store
  • Luncheons
  • Testimonials
  • Contact Us
  • Click to open the search input field Click to open the search input field Search
  • Menu Menu

Trade Alert - (SPY) October 21, 2016

Trade Alert

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.

Alert

Trade Alert - (SPY)- EXPIRATION

EXPIRATION of the SPDR S&P 500 (SPY) October, 2016 $217-$219 in-the-money vertical bear put spread at $2.00

Closing Trade-NOT FOR NEW SUBSCRIBERS

10-21-2016

Expiration Date: October 21, 2016

Portfolio Weighting: 10%

Number of Contracts = 57 contracts

The October monthly options expiration has been very kind to the subscribers of the Mad Hedge Fund Trader.

With the expiration of the SPDR S&P 500 (SPY) October, 2016 $217-$219 in-the-money vertical bear put spread at the opening tick this morning, we were able to earn the maximum potential profit.

That brought in $1,653, or 16.96% profit in just five trading days.

Give me a second helping of that!

With this closing trade, some 13 of the last 14 trade alerts I sent paid subscribers are profitable.

It has been one of the best hot streaks since the inception of my service in 2008.

This was a bet that the S&P 500 (SPY) wouldn?t trade above $217 at the October 21st options expiration. As it turned out, we cleared that bar by miles.

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 on Monday morning.

If it isn?t, call your broker immediately. Mistakes do happen. Machines aren?t perfect?.yet.

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

If you are uncertain on how to execute an options spread, please watch my training video How to Execute a Vertical Bear Put Debit Spread.

Please keep in mind these are ballpark prices at best. After the text alerts go out, prices can be all over the map. There is no telling how much the market will have moved by the time you get this email.

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

Here Are the Specific Trades You Need to Execute This Position:

Expiration of long 57 October, 2016 (SPY) $219 puts at??$212.96

Expiration of short 57 October, 2016 (SPY) $217 puts at.?..$210.96
Net Proceeds:??????????????????......$2.00

Profit: $2.00 - $1.71 = $0.29

(57 X 100 X $0.29) = $1,653 or 16.96% profit in 5 trading days.

spy
John Resting from Hiking

Basking in the Sun

Share this entry
  • Share on Facebook
  • Share on X
  • Share on WhatsApp
  • Share on Pinterest
  • Share on LinkedIn
  • Share by Mail
https://www.madhedgefundtrader.com/wp-content/uploads/2013/03/Alert.jpg 259 294 DougD https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png DougD2016-10-21 11:00:292016-10-21 11:00:29Trade Alert - (SPY) October 21, 2016

tastytrade, Inc. (“tastytrade”) has entered into a Marketing Agreement with Mad Hedge Fund Trader (“Marketing Agent”) whereby tastytrade pays compensation to Marketing Agent to recommend tastytrade’s brokerage services. The existence of this Marketing Agreement should not be deemed as an endorsement or recommendation of Marketing Agent by tastytrade and/or any of its affiliated companies. Neither tastytrade nor any of its affiliated companies is responsible for the privacy practices of Marketing Agent or this website. tastytrade does not warrant the accuracy or content of the products or services offered by Marketing Agent or this website. Marketing Agent is independent and is not an affiliate of tastytrade. 

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.

Copyright © 2025. Mad Hedge Fund Trader. All Rights Reserved. support@madhedgefundtrader.com
  • Privacy Policy
  • Disclaimer
  • FAQ
Link to: October 21, 2016 - MDT Pro Tips A.M. Link to: October 21, 2016 - MDT Pro Tips A.M. October 21, 2016 - MDT Pro Tips A.M. Link to: October 24, 2016 - Quote of the Day Link to: October 24, 2016 - Quote of the Day October 24, 2016 - Quote of the Day
Scroll to top