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.
Trade Alert - (SPY)
Sell Short the S&P 500 SPDR (SPY) September, 2012 $147-$153 Call Spread at $0.34 or best
Opening Trade
8-10-2012
expiration date: 9-21-2012
Portfolio weighting: 5%
($5,000/100/$0.34) = 30 Contracts
These are the trades you should execute:
Sell short the September, 2012 (SPY) $147 calls at??$0.39
Buy the September, 2012 (SPY) $153 calls at????.$0.05
Net Premium Proceeds:????????????...$0.34
Profit at expiration: (30 X 100 X $0.34) = $1,020, or 1.02% profit for the notional $100,000 portfolio for a one month position.
