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Yuri
Number of messages : 237
Points : 1326
Date of Entry : 2015-06-28
Year : 32

SPDR S&P 500 ETF (SPY)

on Fri Feb 10, 2017 2:55 pm
SPDR S&P 500 ETF (SPY), $230.60.

daily chart


Trade:  We recommend selling 10 Mar $225 calls (36 DTE) around these closing prices of $6.88 x 6.98/share (extended hourly so should get price improvement).
Strategy:  Breakout on daily and weekly charts after false breakdown and uptrend on the monthly chart.  Will look to sell calls against it to reduce basis after rally.

Max Gain:   Unlimited
Max Loss:  Cost basis.
Stop Loss:  $227.98.

source:mastertrader
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