Trade Summary: (1) Buy to close Jul 24, 2019 $299 SPY call, let your Jul 24, 2019 295 SPY Put expire worthless (2) Sell to open Jul 26, 2019 $303 SPY call, buy to open Jul 26, 2019 $297 SPY Put. Profit of ~$1.60/share of SPY or 128% annualized. Trading is risky see bottom of trade alert email for full disclaimer.
Step 1. Close our previous covered call if you took our last trade alert, otherwise skip to step two.
Step 2. 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!
Updated Track Record 7/22/2019 After Closing Last Trade Alert
All in all from our previous trade alert the following happened:
SPY went from 297.29 to 300.00 for a +$2.71
Call option went from .34 credit to 1.06 debit for a -$0.72
Put option went from .39 debit to .00 credit for a -$0.39
Net Profit = $1.60 per Share of SPY