Trade Alert

By: Gregory Clay | Thu, Jul 17, 2014
Print Email

7/17/2014 9:38:25 PM


Market Summary

As you can see in the Nasdaq 100 Index ($NDX) chart below, the index price crashed today. Today's selloff presents an opportunity to cash out of our July expiration $NDX bear call spread.

NASDAQ 100 Daily Chart


Exit Plan

The OPENING TRADE down below was setup and published in the June 27th Easy Money Options Income. A comment from the 'Exit Plan' in the article "If it is a week or so prior to the expiration date, we may be able to hold out for a .05 bid or decide to just let the contracts expire worthless."

Standard July options stop trading at tomorrow's closing. As displayed in the CLOSING TRADE below, we plan on letting all the options expire worthless and retain all the money received. However if the price moves back up towards the $3895 options, we will execute the closing trade to exit those options.

Exit Plan

Approx. gain $1,150 (Excludes commissions and fees)
Projected gain is an approx. 23.00% return on the margin requirement

Regards,

 


 

Gregory Clay

Author: Gregory Clay

Gregory Clay
Option Strategist
High Value Option Trader
Weekly Income Credit Spreads
Easy Money Options Income

Important Disclosure
Futures, Options, Mutual Fund, ETF and Equity trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to buy/sell Futures, Options, Mutual Funds or Equities. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this Web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

Performance results are hypothetical. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as a lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.

Investment Research Group and all individuals affiliated with Investment Research Group assume no responsibilities for your trading and investment results.

Investment Research Group (IRG), as a publisher of a financial newsletter of general and regular circulation, cannot tender individual investment advice. Only a registered broker or investment adviser may advise you individually on the suitability and performance of your portfolio or specific investments.

In making any investment decision, you will rely solely on your own review and examination of the fact and records relating to such investments. Past performance of our recommendations is not an indication of future performance. The publisher shall have no liability of whatever nature in respect of any claims, damages, loss, or expense arising out of or in connection with the reliance by you on the contents of our Web site, any promotion, published material, alert, or update.

For a complete understanding of the risks associated with trading, see our Risk Disclosure.

All Images, XHTML Renderings, and Source Code Copyright © Safehaven.com

SEARCH





TRUE MONEY SUPPLY

Source: The Contrarian Take http://blogs.forbes.com/michaelpollaro/
austrian-money-supply/