Previous Trade Results
All in all from our previous trade alert the following happened:
SPY went from $292.19 to $293.32 for a +$1.13 gain
Options went from -$0.86 debit to a -$0.01 debit for a -$0.87 loss
Net Gain = +$0.26/share of SPY or $442 of income on our 1700 shares in just the last 48 hours!
New Trade Alert Instructions
New Trade Alert Summary per 100 shares of SPY you own:
(1) Buy to close Sep 4th 2019 $297.00 SPY Call and allow Sep 4th 2019 $289 SPY Put to expire worthless
(2) Sell to open Sep 6 2019 $296.00 SPY Call and Buy to open Sep 6 2019 $290 Put.
Gain of $0.26 per share over trading period or ~$442 profit on 1700 shares in last 48 hours.
Step 1. Close our previous option trade if you took our last trade alert, otherwise skip to step two, your put option should be worth .01 allow to expire worthless and just buy to close your short call option.
Step 2. For every 100 shares of the SPY you own enter one of the following option contracts.