SPY Bear Call Spread
We are closing out the entire call spread for an approx. $810 profit (see tables below)

SPY Risk Analysis
Since we are closing out the short $114 strike call, the only risk we have to manage is the put spread $104 short strike. The risk associated with the short put will be evaluated and resolved based on the original Exit Plan.

DIA Bear Call Spread
We are closing out the entire call spread for an approx. $860 profit (see tables below)

DIA Risk Analysis
Since we are closing out the short $106 strike call, the only risk we have to manage is the put spread $99 short strike. The risk associated with the short put will be evaluated and resolved based on the original Exit Plan.

Gregory Clay

Couch Potato Trader Disclaimer
All results reported in this section are hypothetical. While the numbers represented here may have been achieved or beaten by our readers, we make no representation that any individual investor achieved these exact results. The tracking for the plays listed in this section uses closing prices for the day the newsletter is published and it is not meant to imply that any reader actually received those prices (though many often do) or participated in these recommendations (even though many do). The portfolio represented here is hypothetical and for investment education purposes only. It is only an illustration of what type of gains a knowledgeable trader might receive utilizing these strategies. If you don't get close to these results, guess what. It isn't the fault of the strategies. For one low price the 2009 EOY package includes a full year of Option Investor, Premier Investor, Option Writer, LEAPS Trader and Couch Potato Trader. You get daily market commentary and plays every week in nearly every possible strategy. Plus you get two Option Expiration Calendar Mouse Pads with the "NEW" option symbol format for 2010. You get three DVDs with 254 minutes of option education. You get all of this for the unbelievable low price of $1.36 per day. If you have not signed up take two minutes and do it now!