Small Account Trader PRO Alert: Roll SPY Call

With the pending FOMC announcement today we have the opportunity to roll the SPY call up and out for a good credit and also grab some capital gains.

 

TRADE ROLL

SPDR S&P 500 ETF (SPY):  404.53

 

TRADE ACTION:  Roll the 14 Dec 405 call out to the 30 Dec 408 call for a credit of around 1.40 – 1.45.

BTC the 14 Dec 405 call

STO the 30 Dec 408 call

 

The Master Portfolio is trading 3 contracts.