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BookingAlpha Option Trading Advisory

Friday, August 18, 2017

Long December SPY Calls


Trade Details 
BUY 3 December SPY 253 Call (@1.50 debit)
Max Risk: $450
Days to expiration: 119

Long term speculative play betting on a rebound as we face extreme pessimism this week.

SPX chart for future reference:
(Click on image to enlarge)

Trade Update - September 18, 2017

Sold 3 December SPY 253 Calls @3.04 
Net gain is 1.54 per contract. $462 in dollar terms for 3 contracts.

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