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 (SPY) October, 2014 $202-$205 in-the-money bear put spread at $3.00
Closing Trade
10-20-2014
expiration date: October 17, 2014
Portfolio weighting: First 10%
Number of Contracts = 37 contracts
Our bet that the S&P 500 would closed below $202 on the October 17 expiration proved wildly successful. It proved the best time in three years to strap on this kind of bearish trade.
The S&P 500 fell so far, so fast that the (SPY) October, 2014 $202-$205 in-the-money vertical bear put spread moved close to its maximum expiration value almost immediately.
Your broker should credit the full profit for this position in your account this morning, and release the margin requirement. If they don?t, you should get on the phone immediately.
Here are the values you need you need to close out this position:
Long 37 October, 2014 (SPY) $205 puts at?????$16.53
Short 37 October, 2014 (SPY) $202 puts at..??.$13.53
Net Cost:??????????????????.....$3.00
Profit: $3.00 - $2.67 = $0.33
(37 X 100 X $0.33) = $1,221 or 1.22% profit for the notional $100,000 portfolio.
