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- Cover your short in the S&P 500 SPDR March 2012 (SPY) $139-145 Call Spread at a net $0.62
To close this position you need to execute two separate trades simultaneously
1) Buy the S&P 500 SPDR March 2012 (SPY) $139 Calls at $.72 to take in option premium
2) Sell the S&P 500 SPDR March 2012 (SPY) $145 Calls at $.10 to cap your risk
Closing Trade
2-10-2012
expiration date: 3-17-2012
($100,000/$139/$.67) = 12 Contracts
This is not a new trade for new subscribers. It is a note for existing investors to come out of an existing position at cost.
I am going to use the big dip in the market this morning triggered by concerns over a disorderly default in Greece to come out at cost. I will look for better short plays later on.
Never waste some volatility, I say!
