Small Account Trader PRO Alert: Roll SPY Call
Our SPY short call expires tomorrow. Let’s roll the position out one week ahead of the Fed meeting and expected rate hike next Wednesday.
TRADE ROLL
SPDR S&P 500 ETF (SPY): 400.51
ACTION: ROLL the SPY 27 Jan 396 call to the 3 Feb 397 call for a net credit of around 2.30 to 2.40
BTC the SPY 27 Jan 396 call
STO the SPY 3 Feb 397 call
The Master Portfolio is trading 3 contracts.