Trade Alert

It was another tough session for our trade alert, but we're still going to keep it out there just in case we get another round of selling. Let's keep the trade the same for tomorrow and then re-evaluate on Wednesday night if we don't get the fill.

 

NEW TRADE ALERT (1)

 

S&P 100 INDEX (OEX)

OPENING 425-415 FEBRUARY BULL PUT SPREAD (10 contracts)

Sell 10 February Puts at 425 strike price

Buy 10 February Puts at 415 strike price

Total Credit 0.40 per contract

Potential Profit $400.00

 

Once Filled, Use a Conditional Order: Use a Stop or Buy Market if Touched Order if stock reaches $427.50.