Yesterday's stock price gap and consolidation has triggered the exit rule for our January expiration
bull put spread.
SPY Position Update
SPY closed $127.50 on Wednesday â€“ the January position should close at approx. $1,200 in the black
The December 15th Couch Potato published a January expiration SPY bull put spread
We suggest closing out this position for an approx. $1,200 gain (see tables below)
As mentioned above the SPY January bull put spread exit rule has been triggered and if the market cooperates we plan on closing out this position. But if prices gap lower tomorrow we will probably hold off until we get a better 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.