Previous Trade Results
All in all from our previous trade alert the following happened:
SPY went from $288.39 to $292.19 for a +$3.8 gain
Options went from $0.13 debit to a $1.08 debit for a -$1.21 loss
Net Gain = $2.59/share of SPY, $4,403 in profits on our 1700 shares, $259/contract or $40,404/year annualized income vs $30K investment to own 100 shares of SPY.
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) Buy to close Aug 30 2019 $291.50 SPY Call and allow Aug 30 2019 $284.00 SPY Put to expire worthless
(2A) Sell to open Sep 4th 2019 $297.00 SPY Call and Buy to open Sep 4th 2019 $289 Put. Gain of $2.59 per share over trading period or ~$4,403 profit on 1700 shares.
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!