New Trade Alert Below Profit Summary and Track Record
SPY went from 302.78 to 305.52 or +$2.74
Collar went from -$0.26 to -$1.56 for = -$1.82
Net Profit = +$0.92/Share on 1700 SPY shares for gain of $1,564 in the past 48 hours!
The charts below illustrate the profit per month we’ve generated against the SP500 and what you’ll notice is that we rarely have a losing period.
Note the 1% return while SP500 crashed -20% in December…
Note the -7% return in May from the SPY ETF as we made a 2.2% return.
Again in August SPY ETF fall -7% and we deliver a 1.8% return.
Here is our current asset allocation recommendation:
New Trade Instructions
New Trade: Per 100 shares of SPY
(1) Buy to close Nov 1, 2019 $304 SPY Call, Allow Nov 1, 2019 $302 SPY Put to expire worthless
(2) Sell to open Nov 4, 2019 $307 SPY Call, Buy to open Nov 4, 2019 $305 SPY Put.
Step 1. Close our previous trade if you took it otherwise skip to step 2.
Step 2. For every 100 shares of the SPY you own enter one of the following option contracts.
This is the maximum P/L we can achieve.