GIFTEC

SPY NEWS EVENT STRADDLE

AMEX:SPY   SPDR S&P 500
SPY             NEWS EVENT STRADDLE
JOBS TODAY AND TOMORROW
SPY             APR             1 207 CALL @ $.30
SPY             APR             1 205 PUT @ $.30
COST $.60
Trade active: SPY APR 1 205 PUT bought at $.30
Now up over 200%
Position still open
Trade closed: stop reached: OPTION PRICES UPDATE 80% profit
SPY0.16% APR 1 207 CALL BOUGHT AT $.30 NOW $.01
SPY0.16% APR 1 205 PUT BOUGHT AT $.30 HIGH FOR THE DAY SO FAR $1.10
Equal dollar amounts invested in each
$.60 cost
$1.10 Combined high for the day so far 80% profit
High was just after the open of trading.
A trailing stop would have locked in those profits
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