Small Account Trader PRO Alert: Roll SPY 401 Put

Editor’s Note: We have rescheduled this Friday’s Live Trading Session to tomorrow (3/16) at the same 10:30 AM Eastern time. We will take this time for a brief review as well as live trading. You are already registered for the session and you will get email reminders from zoom about the new date. See you this tomorrow (3/16) at 10:30 AM Eastern.

With the market sell-off hard today, let’s roll our SPY 17 Mar 401 put out several weeks to avoid any potential assignment problems. We can roll it out strike-to-strike and collect a solid credit. We will manage our 17 Mar 378 put in the live trading session tomorrow.




SPDR S&P 500 ETF (SPY):  386.79


TRADE ACTION:  ROLL the SPY 17 Mar 401 put to the 31 Mar 401 put for a net credit of around 1.35 to 1.40

BTC the SPY 17 Mar 401 put

STO the SPY 31 Mar 401 put


The market is very volatile so work your orders and make sure you get filled.


Master Portfolio: 3 contracts.