• 855 days Will The ECB Continue To Hike Rates?
  • 855 days Forbes: Aramco Remains Largest Company In The Middle East
  • 857 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,257 days Could Crypto Overtake Traditional Investment?
  • 1,262 days Americans Still Quitting Jobs At Record Pace
  • 1,263 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,267 days Is The Dollar Too Strong?
  • 1,267 days Big Tech Disappoints Investors on Earnings Calls
  • 1,268 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,269 days China Is Quietly Trying To Distance Itself From Russia
  • 1,270 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,274 days Crypto Investors Won Big In 2021
  • 1,274 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,275 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,277 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,277 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,281 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,282 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,282 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,284 days Are NFTs About To Take Over Gaming?
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

  1. Home
  2. Markets
  3. Other

Trade Alert

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,

 

Back to homepage

Leave a comment

Leave a comment