Trade Summary: (1) Buy to close Jul 26, 2019 $303 SPY call, let your Jul 26, 2019 297 SPY Put expire worthless (2) Sell to open Jul 29, 2019 $302.5 SPY call, buy to open Jul 29, 2019 $299.50 SPY Put. Profit of ~$1.38/share total return YTD now 9.38%. 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 After Closing Last Trade Alert
All in all from our previous trade alert the following happened:
SPY went from 300.00 to 301.48 for a +$1.48 Profit
Call option went from .11 credit to .01 debit for a +$0.10
Put option went from .20 debit to .00 credit for a -$0.20
Net Profit = $1.38 per Share of SPY
If you make $100 profit 3X a week 52 weeks a year on avg = $15,600 income vs a ~$30,000 total investment in SPY or 52% annualized return.
If you make $50 profit 3X a week 52 weeks a year on avg = $7,800 income vs a ~$30,000 total investment in SPY or 26% annualized return.
If you make $25 profit 3X a week 52 weeks a year on avg = $3,900 income vs a ~$30,000 total investment in SPY or 13% annualized return.
If lose $25, $50 or $100 on avg than you lose 13%, 26% or 52% per year.