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) April, 2016 $185 Puts outright at $7.93 or GO TO MARKET
Closing Trade
1-15-2016
expiration date: April 15, 2016
Portfolio weighting: 5%
Number of Contracts = 9 contracts
I?m sorry, but a one-day, 43% profit totally works for me. In additional, I want my dry powder back with which to go short again on the next screaming $60 handle gap up.
Taking profits here also allows me to cash in on the Volatility Index (VIX) spike to $29.
Going into the opening with a 25% net short, this could be out biggest up day for the P&L In 2016.
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 on how to execute an options trade, please watch my training video on ?How to Execute a Bull Call Spread? by clicking here at https://www.madhedgefundtrader.com/ltt-executetradealerts/. You must me logged into your account to view the video.
Here is the specific trade you need to execute this position:
Buy 9 April, 2016 (SPY) $185 puts at????.?.??$5.56
Profit: $7.93 - $5.56 = $2.37
(9 contracts X $2.37 X 100) = $2,133, or 2.13% for the notional $100,000 model trading portfolio.
