Adjustment on SPY Put Spread 11-15-17

With gap down in SPY, we are holding off on any stop if you shorted Nov (11/17) $256.5/250 bull put spread yesterday and will roll Friday if necessary, will advise.   Happy trading!  If you have any questions or comments, please e-mail Greg Capra at...

Income Trade on SPY Which Refuses to Fall 11-14-17

Below is a daily chart of SPDR S&P 500 ETF (SPY). Trade:  Provided SPY is trading above $257.70 into the close, consider shorting Nov (11/17) $256.5/250 bull put spread (3 DTE) for mid-point (currently $.51/share). Technical Setup:   Three bullish Bottoming Tails on...

Trade Updates 11-14-17

Adjustments and Comments on Weekly Option Trades 11/13:  ADSK – Shorted Nov (11/17) $120/116 bull put spread for $.40/share.  11/14: Close half at current $.10/share mid-point for 75% Max Gain, and move stop $123.78. 11/13:  MU – Shorted Nov (11/17) $42.5...