Small Account Trader PRO Alert: SPY Trade Re-Set
Time to manage our SPDR S&P 500 ETF (SPY) position. We can re-set the trade today by closing the current position for a small credit of around $25 per contract and carry that forward to the new re-set position.
TRADE RE-SET
SPDR S&P 500 ETF (SPY): 411.39
TRADE CLOSE: CLOSE the SPY calendar for a net credit of around 8.25 to 8.35
BTC the SPY 12 May 406 put
STC the SPY 21 Jul 406 put
TRADE RE-OPEN: OPEN the SPY calendar for a net debit of around 6.45 to 6.55
BTO the SPY 21 Jul 412 put
STO the SPY 26 May 412 put
Master Portfolio: 3 contracts