New Trade, per 100 shares of the SPY you own
- Step 1. Sell to close Feb 21 $336 SPY Put Option
- Step 2. Buy to open Feb 24 $330 SPY Put Option
Notes: Expecting SPY to be bid up by futures market this weekend, not yet ready to get bearish on the SPY yet. Trading is risky, check below for disclaimer.
Our Pro Members are up HUGE today from our TLT/GDX position. Call Dean at 505-322-7515 to upgrade your membership now!
Today’s Trade Results:
- SPY traded from $338.76 to $334.46 (-4.3)
- Option Protection -0.36 initial debit sold for $1.83 credit (408% return!)
- Net Profit Today:-$2.83/share in past 48 hours
- Remember, our PRO program places half your wealth into bonds/gold and would be generating MASSIVE profits for you today!! Click here to upgrade
Here’s how the order looks like using Ameritrade’s Think or Swim iOS app
Here’s a look at the option chain:
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, 2 shares of TLT, 2 shares of GDX, 1 share of YANG and $44 in cash per $750 approximately in your portfolio.