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) September, 2015 $207-$210 in-the-money vertical bear put spread at $2.94 or best
Closing Trade
9-1-2015
expiration date: September 18, 2015
Portfolio weighting: 10%
Number of Contracts = 39 contracts
We have 88% of the potential maximum profit in this position in only two trading days. Take the money and run!
I want the dry powder in cade we get another out of the blue short covering squeeze.
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 on expiration months farther out.
Here are the specific trades you need to execute this position:
Sell 39 September, 2015 (SPY) $210 puts at????.??$17.30
Buy to cover short 39 September, 2015 (SPY) $207 puts at?$14.36
Net Proceeds:?????????????????????.....$2.94
Profit: $2.94 - $2.52 = $0.42
(39 X 100 X $0.42) = $1,638 or 1.64% profit for the notional $100,000 portfolio.
