The two day price recovery has triggered the exit rule for our March expiration
bull put spread.
SPY Position Update
SPY closed at $137.04 on Thursday â€“ the March put spread is approx. $500 in the black
The February 13th Couch Potato published a March expiration SPY bull put spread
We will attempt to immediately close out this position for an approx. $500 gain (see tables below)
As mentioned above the exit rule for the SPY put spread has been triggered and if the market cooperates we plan on immediately closing out this position. But if the market gaps lower tomorrow we will probably hold off until we get an acceptable sale price.
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.