Stocks prices crashed again today and triggered the exit rule for the DIA call spread. As displayed below, the DIA did not recover so now is still a good time to exit the position if one has not done so.
DIA Position Update
DIA closed at $118.46 on Tuesday - the call spread is approx. $1,700 in the black
The July 12th Couch Potato published an August expiration month DIA bear call spread
This call spread is approx. $1,700 in the black (see tables below)
We can on close out the DIA call spread tomorrow as indicated in the CLOSING TRADE table below.
As mentioned above the exit rule for the DIA call spread has been triggered and we can exit the position.
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.