$94/profit per contract today or $1,786 total profit, per 100 shares of the SPY:
(1) Buy to close Feb 7 $327 SPY Call & Sell to close Feb 7 $324 SPY Put
(2) Sell to open Feb 10 $327 SPY Call & Buy to open Feb 10 $332 SPY Put
Trading is risky, see below for disclaimer.
Today’s Trade Results:
- SPY traded from $331.77 to $333.32 (+1.55)
- Option Collar -$0.61 to open and $0.0 to close (-0.61)
- Net Profit Today: +$0.94/share or +$94 per contract
- 40% of our Total Portfolio 1900 shares = $1,786
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 ~(-0.15%) vs reward ~(1.3%) in today’s trade alert: