SPY ETF Trade Setup
We are closing out the November expiration month Bear Call spread
SPY closed at $118.16 on Tuesday (3 days to November expiration)
SPY is priced BELOW its current 14-day EMA (see SPY chart down below)
SPY is BELOW its 20-day Bollinger Band SMA (see SPY chart)
SPY is trading ABOVE its 50-day simple moving average (see SPY chart)
SPY is ABOVE 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 bearish (See SPY chart)

We are immediately closing out the entire SPY call spread for an approx. $1,000 profit (see tables below)

DIA ETF Trade Setup
We are closing out the November expiration month DIA Bear Call spread
DIA closed at $110.50 on Tuesday (3 days to November expiration)
DIA is priced BELOW its current 14-day EMA (see DIA chart down below)
DIA is BELOW its 20-day Bollinger Band SMA (see DIA chart)
DIA is trading ABOVE its 50-day simple moving average (see DIA chart)
DIA is ABOVE its 200-day simple moving average (see DIA chart)
Relative Strength Indicator (RSI) turned bearish (See DIA chart)
Moving Average Convergence/Divergence (MACD) is turning bearish (See DIA chart)

We are immediately closing out the entire DIA call spread for an approx. $700 profit (see tables below)

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.