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)- take profits
Sell the S&P 500 SPDR?s (SPY) September, 2015 $214-$217 in-the-money vertical bear put spread at $2.88 or best
Closing Trade: NOT FOR NEW SUBSCRIBERS
8-14-2015
expiration date: September 18, 2015
Portfolio weighting: 10%
Number of Contracts = 40 contracts
You have 74% of the maximum potential profit in this trade at the current market of $2.88 (see my trade ticket below). That means you have earned a 13.6% profit on the position in only four trading days.
Well done!
Take the money and run! Sell S&P 500 SPDR?s (SPY) September, 2015 $214-$217 in-the-money vertical bear put spread at $2.88 or best.
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 40 September, 2015 (SPY) $217 puts at???????$13.00
Buy to cover short 40 September, 2015 (SPY) $214 puts at.?$10.12
Net Proceeds:??..???????????????.....$2.88
Profit at expiration: $2.88 - $2.54 = $0.34
(40 X 100 X $0.34) = $1,360 or 1.36% profit for the notional $100,000 portfolio.
