Market Summary
Stocks are trading range bound and we expect our April expiration bull put spreads to expire worthless.

SPY Position Update
SPY closed at $137.72 on Thursday – the April put spread is approx. $1,100 in the black

The March 14th Couch Potato published an April expiration SPY bull put spread
We plan on letting this position expire worthless for an approx. $1,100 gain. However, if prices gap down hard tomorrow then we need to play it safe and buy back the short $134 strike put contracts. (see tables below)

Exit Plan
April options expire tomorrow and as mentioned above our put spread should expire worthless

DIA Position Update ---------------------------------------------------------
DIA closed at $129.54 on Thursday – the April put spread is approx. $1,000 in the black

The March 21st Couch Potato published an April expiration DIA bull put spread
Similar to the SPY above, we plan on letting this position expire worthless for an approx. $1,000 gain. If prices gap down hard tomorrow then we need to buy back the short $126 strike put contracts. (see tables below)

Exit Plan
As mentioned above our put spread should expire worthless

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.