Previous Trade Results
All in all from our previous trade alert the following happened:
SPY went from $287.11 to $288.39 for a +$1.28 gain
Options went from $0.98 debit to a $0.03 credit for a -$0.95 loss
Net Gain = $0.33/share of SPY or $33/contract or $5,148/year income vs $30K investment to own 100 shares of SPY if annualized 17%/Year.
Expecting a massive flow of funds into equities ahead of nearly certain fed fund rate cuts sept 18th and potential profit taking on TLT at new highs.
SPY Monday/Wed/Friday Track Record Updated
View all of our previous SPY ETF Mon/Wed/Fri trade alerts here.
Trade Alert Instructions
New Trade Alert Summary per 100 shares of SPY you own:
(1) Sell to close Aug 28 2019 $283.00 SPY Put if value over $0.01 otherwise allow to expire worthless
(2A) Sell to open Aug 30 2019 $291.50 SPY Call and Buy to open Aug 30 2019 $284 Put. Gain of $0.33 per share over trading period or ~$5,148/year income.
Step 1. Close our previous option trade if you took our last trade alert, otherwise skip to step two.
Step 2 A&B. For every 100 shares of the SPY you own enter one of the following option contracts.
Step 3. This trade is designed to survive an “Atomic Bomb” SPY ETF trade alerts come out every Monday, Wednesday & Friday Noon Eastern!