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)- EXPIRATION
EXPIRATION of the S&P 500 SPDR?s (SPY) February, 2016 $173-$178 in-the-money vertical bull call spread at $5.00
Closing Trade-Not for new subscribers
2-22-2016
expiration date: February 19, 2016
Portfolio weighting: 10%
Number of Contracts = 22 contracts
On Friday, the S&P 500 SPDR?s (SPY) February, 2016 $173-$178 in-the-money vertical bull call spread expired at it maximum potential profit point of $5.00.
That brought you a healthy 10.62% profit in only 14 trading days.
There is nothing you need to do to unwind this position. The long call should cancel out the short call and the margin should be credited to your account.
If it isn?t, call your broker immediately. Mistakes do happen.
Well done traders and on to the next one! This should bring you well up on your 2016 trading.
Here are the specific prices you need to close out this position:
Long 22 February, 2016 (SPY) $173 calls at???.??$19.00
Short 22 February, 2016 (SPY) $178 calls at.????..$14.00
Net Proceeds:????????????????......$5.00
Profit: $5.00 - $4.52 = $0.48
(22 X 100 X $0.48) = $1,056 or 1.06% profit for the notional $100,000 portfolio
