SPY Position Update
We are closing out the August expiration month SPY bear call spread
SPY closed $108.63 on Thursday
SPY is BELOW its current 14-day EMA (see SPY chart down below)
SPY is trading BELOW its 20-day Bollinger Band SMA (see SPY chart)
SPY is EVEN with its 50-day simple moving average (see SPY chart)
SPY is priced BELOW its 200-day simple moving average (see SPY chart)
Relative Strength Indicator (RSI) turned bearish (See SPY chart)
Moving Average Convergence/Divergence (MACD) is turning down (See SPY chart)

SPY Bear Call Spread
The July 14th Couch Potato recommended an August expiration month call spread
We are immediately closing out the bear call spread for an approx. $1,400 profit (see tables below)

SPY Risk Analysis
We did not have the opportunity to open a put spread, therefore closing the call spread is taking all of our money off the table.

DIA Position Update
We are closing out the August expiration month DIA Iron Condor
DIA closed at $103.45 on Thursday – the August position is approx. $2,000 in the black
DIA is BELOW its current 14-day EMA (see DIA chart down below)
DIA is trading BELOW its 20-day Bollinger Band SMA (see DIA chart)
DIA is ABOVE its 50-day simple moving average (see DIA chart)
DIA is priced at its 200-day simple moving average (see DIA chart)
Relative Strength Indicator (RSI) is neutral (See DIA chart)
Moving Average Convergence/Divergence (MACD) is turning down (See DIA chart)

DIA Bear Call Spread
The July 8th Couch Potato recommended an August expiration month call spread
We are immediately closing out the bear call spread for an approx. $1,000 profit (see tables below)

DIA Bull Put Spread
The July 19th Couch Potato recommended an August expiration month put spread
We are immediately closing out the bull put spread for an approx. $1,100 profit (see tables below)

DIA Risk Analysis
We are closing out the entire iron condor position.

Exit Plan
As indicated above we are exiting all of our August credit spreads with a gain.

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.