Market Summary
Today's stock price crash has triggered the exit rule for our March expiration bear call spreads.

SPY Position Update
SPY closed at $134.75 on Tuesday – the March call spread is approx. $1,300 in the black

The February 13th Couch Potato published a March expiration SPY bear call spread
We will attempt to immediately close out this position for an approx. $1,300 gain (see tables below)

DIA Position Update
DIA closed at $127.45 on Tuesday – the March call spread is approx. $1,100 in the black

The February 22nd Couch Potato published a March expiration DIA bear call spread
We will attempt to immediately close out this position for an approx. $1,100 gain (see tables below)

Exit Plan
As mentioned above the exit rule for the SPY and DIA call spreads has been triggered and if the market cooperates we plan on immediately closing out these positions. But if the market gaps higher tomorrow we will probably hold off until we get an acceptable sale price.

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.