Greece Gets A Nod, BONUS SPY Trade Setup Nicely For Options Expiration
Today Greece got the wink-wink-nod-nod it needed when France & Germany stated that it will remain in the Euro Zone. The market devoured that news running higher more than 200 Dow points. Ultimately, some of the enthusiasm wore off and market floated back down into the close. Still a healthy performance nonetheless.
The Free BONUS SPY trades are working out great as expiration approaches this Friday! I hope everyone jumped in on the SPY Iron Condor I created using 105/107 Puts and 129/131 Calls with an expiry of September 16. Total credit received for creating the Iron Condor was $0.31 ($0.12 for the puts and $0.19 for the calls). The trade is setup nicely going into expiration and a nice 18.34% ($0.31 credit / $1.69 margin requirement) profit should be realized. Even if you're not a subscriber it pays to read the BookingAlpha blog ;)
Navigate wisely and stay profitable, my friends. Happy trading!
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Posted-In: Eurozone Greece markets SPYNews Global Markets Trading Ideas
