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.
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Trade Alert - (SPY)- UPDATE
Buy the S&P 500 SPDR?s (SPY) October, 2016 $207-$210 in-the-money vertical bull call spread at $2.62 or best
Opening Trade
10-4-2016
Expiration Date: October 21, 2016
Portfolio Weighting: 10%
Number of Contracts = 38 contracts
You can pay all the way up to $2.70 for this spread and it still makes sense.
If you can?t do the options, buy the S&P 500 (SPY) outright.
A proprietary quantitative timing indicator I follow just pushed further into bullish territory yesterday (see below).
There are a raft of positive market events.? I want to get in front of with this trade.
The September Non Farm Payroll Report, out at 8:30 EST Friday morning, should bounce back hard in the wake of a weak 151,000 August print. I expect revisions upward to the earlier months as well.
The headline unemployment rate should stay at a decade low.
I also expect an October 9th presidential debate outcome that is ?pro-certainty?.
The charts seem to be coiling for an upside breakout to a new all time high for stocks.
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 13 days to expiration.
Here are the specific trades you need to execute this position:
Buy 38 October, 2016 (SPY) $207 calls at????.?.??$9.40
Sell short 38 October, 2016 (SPY) $210 calls at.???.?..$6.78
Net Cost:????????????????????......$2.62
Potential Profit: $3.00 - $2.62 = $0.38
(38 X 100 X $0.38) = $1,444, or 14.50% profit in 13 trading days.
