Stock / Symbol: [private_monthly]S&P 500 INDEX / SPX
Option Strategy: bull put spread
Price at trade entry: $1273.15[/private_monthly]
Price at trade post: $1212 (pre-market)
Reasoning: With the bottom falling out of the market yesterday, we did not get filled on our closing order. We're re-submitting it this morning.
Trade Details:[private_monthly]
BTC -2 SPX AugWk1 1220 Puts
STC 2 SPX AugWk1 1215 Puts
for a net debit of $2.00 per contract (limit order)
Max Risk: $940
Max Reward: $60 or 6.38% by Aug 5th
Profit Range: $1219.70 +
Profit / Loss upon fill: ($440)
[/private_monthly]
Non-members, click here for access
Speak Your Mind