S&P500 ETF (SPY) trade – Update #1

You may refer to the original post here. S&P 500 Index Futures (/ES) validated this trade prior US market open and this trade (SPY Bull Put Credit Spread trade) is taken when US market open and premium $1 ($100 per options contract) is captured.

1. STO SPY 195 PUT strike, Jan Wk5 2016, 39 DTE
2. BTO SPY 190 PUT strike, Jan Wk5 2016, 39 DTE
SPY closed at 201.67 and further update will be shared. Adjustment/repair method may be deployed depending on how SPY performs in the next 38 days. Cheers!
Advertisements

2 thoughts on “S&P500 ETF (SPY) trade – Update #1

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s