New Trade, per 100 shares of the SPY you own
- Step 1. Sell to close Feb 24 $330 SPY Put Option
- Step 2. Buy to open Feb 26 $320 SPY Put Option
Notes: Expecting SPY to be bid up by futures market by the “plunge protection team” with the intent of keeping the public calm. Our Pro members are up HUGE again today from our long TLT/GDX position. Call Dean at 505-322-7515 to upgrade your membership now!
Trading is risky, check below for full disclaimer.
Today’s Trade Results:
- SPY traded from $334.46 to $324.35 (-9.9)
- Option Protection -0.36 initial debit sold for $5.79 credit (1,508% return!)
- Net Profit Today:-$4.47/share in past 48 hours
Here’s how the order looks using Ameritrade’s Think or Swim iOS app
Here’s a look at the option chain of the option we sold today:
Here’s a look at the option chain of the option we bought today:
Buy & Hold Bonus Portfolio Instruction Update
If you’re following our program with buy and hold and no options trading our current allocation is 1 share of SPY (40%), 2 shares of TLT (40%), 2 shares of GDX(10%), 1 share of YANG (5%) and $44 (5%) in cash per $750 approximately in your portfolio.