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)- EXPIRATION
EXPIRATION of the SPDR S&P 500 (SPY) October, 2016 $217-$219 in-the-money vertical bear put spread at $2.00
Closing Trade-NOT FOR NEW SUBSCRIBERS
10-21-2016
Expiration Date: October 21, 2016
Portfolio Weighting: 10%
Number of Contracts = 57 contracts
The October monthly options expiration has been very kind to the subscribers of the Mad Hedge Fund Trader.
With the expiration of the SPDR S&P 500 (SPY) October, 2016 $217-$219 in-the-money vertical bear put spread at the opening tick this morning, we were able to earn the maximum potential profit.
That brought in $1,653, or 16.96% profit in just five trading days.
Give me a second helping of that!
With this closing trade, some 13 of the last 14 trade alerts I sent paid subscribers are profitable.
It has been one of the best hot streaks since the inception of my service in 2008.
This was a bet that the S&P 500 (SPY) wouldn?t trade above $217 at the October 21st options expiration. As it turned out, we cleared that bar by miles.
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 on Monday morning.
If it isn?t, call your broker immediately. Mistakes do happen. Machines aren?t perfect?.yet.
Well done traders and on to the next one! This should bring you well up on your 2016 trading.
If you are uncertain on how to execute an options spread, please watch my training video How to Execute a Vertical Bear Put Debit Spread.
Please keep in mind these are ballpark prices at best. After the text alerts go out, prices can be all over the map. There is no telling how much the market will have moved by the time you get this email.
Be sure you've signed up for our FREE text alert service. When seconds count, this feature offers a trading advantage.? In today's volatile markets, individual investors need every advantage they can get.
Here Are the Specific Trades You Need to Execute This Position:
Expiration of long 57 October, 2016 (SPY) $219 puts at??$212.96
Expiration of short 57 October, 2016 (SPY) $217 puts at.?..$210.96
Net Proceeds:??????????????????......$2.00
Profit: $2.00 - $1.71 = $0.29
(57 X 100 X $0.29) = $1,653 or 16.96% profit in 5 trading days.
