Joined Dec 4, 2012
319 Blog Posts

Locking In Gains On SPY Calls

More comments later but here is the close of the trade. You are welcome.

We are going to lock in the gains on the S&P 500 via SPY. We bought calls on the S&P 500 ETF (SPY) yesterday using the April $273.50 Call that was trading at $2.70. SPY was at $269.31 and is now at $271.00. The call is at $3.30 for a gain of $0.60 or 22.22%.

I hated the action today as far as how options were priced. The fix is in.


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