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)- STOP LOSS
SELL the S&P 500 SPDR?s (SPY) October, 2016 $207-$210 in-the-money vertical bull call spread at $2.43 or best
Closing Trade
10-13-2016
ExpirationDate: October 21, 2016
Portfolio Weighting: 10%
Number of Contracts = 38 contracts
I?m sorry, but my rigid stop loss discipline requires me to stop out of this position before it hits a 10% loss.
The heightened risk environment created by the possibility that the Democrats may capture the House of Representatives in the November 8th election demands nothing less.
To see how to enter this trade in your online platform, please look at the order ticket below, which I pulled off of optionshouse.
If you are uncertain about how to execute an options spread, please watch my training video How to Execute a Vertical Bull Call 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.
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 with only 6 days to expiration.
Here are the specific trades you need to execute this position:
Sell 38 October, 2016 (SPY) $207 calls at????.?.??$5.70
Buy to cover short 38 October, 2016 (SPY) $210 calls at?..$3.27
Net Proceeds:?????????????????......$2.43
Loss: $2.62 - $2.43 = -$0.19
(38 X 100 X -$0.19) = -$722, or -7.25%
