$159/profit per contract today or $3021 total profit, per 100 shares of the SPY:
(1) Buy to close Feb 5 $327 SPY Call & Allow Feb 5 $324 SPY Put to expire worthless
(2) Sell to open Feb 7 $335 SPY Call & Buy to open Feb 7 $330 SPY Put
Trading is risky, see email for disclaimer.
Today’s Trade Results:
- SPY traded from $323.87 to $331.77 (+7.9)
- Option Collar -$1.53 to open and -$4.79 to close (-6.32)
- Net Profit Today: +$1.59/share or +$159 per contract
- 40% of our Total Portfolio 1900 shares = $3,021
The image below shows you how to close the previous trade in the top area and how to enter into the new trade alert in the bottom area.
Remember, we use 1 option contract per 100 shares of the SPY and this position is traded every Monday, Wednesday and Friday at 12PM Eastern.
This is your maximum risk vs reward in today’s trade alert: