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2015-01-24 Weekend Market Update (The S&P 500 Rallies On The ECB QE Announcement)

Posted on January 24th, by Mitchell Warren in Free Articles, Options Risk Management, Weekend Market Updates. Comments Off on 2015-01-24 Weekend Market Update (The S&P 500 Rallies On The ECB QE Announcement)

Weekend Market Update
The S&P 500 Rallies On The ECB QE Announcement

SPDR S&P 500 ETF Trust (SPY) Options Trade Ideas

Sell the (SPY) Feb 20 $187.50/$188.50 bull put spread for a $0.15 credit or better

(Sell the Feb 20 $188.50 put and buy the Feb 20 $187.50 put, all in one trade)

Stop loss reference- A move below $188.50 in the underlying

Upside target- $0.05 or less

Maximum gain potential- 17.6%

And/Or

Buy the (SPY) Feb 20 $205/$212 bull call spread for a $2.75 debit or better

(Buy the Feb 20 $205 call and sell the Feb 20 $212 call, all in one trade)

Stop loss- $0.95

1st upside target- $5.50

2nd upside target- A move in the underlying to $212-$215

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