Small Account Trader PRO Alert: Trade Close and Reset (NEW) – SPY
TRADE CLOSE & RESET (NEW)
S&P 500 ETF (SPY): 419.42
TRADE ACTION 1: Close put spreads for a credit of around 5.80 – 5.85
STC the SPY 21 JUL 423 put
BTC the SPY 9 JUN 423 put
STC the SPY 21 JUL 412 put
BTC the SPY 9 JUN 409 put
Master Portfolio is trading 3 contracts
TRADE ACTION 2: Open a new diagonal for a debit of around 6.20 – 6.30
BTO the SPY 7 JUL 425 call
STO the SPY 16 JUN 431 call
Master Portfolio is trading 4 contracts (note the change in contracts)