NEWS EVENT - FED
The straddle SPY MAR 31 204 CALL bought at $.45
has a high of the day of $2.80 today so far for a 520% profit
SPY MAR 31 202 PUT @ $.55 closed with trailing stop
Equal dollar amount invested in each
Cost $1.00 to open position
Position is still open but profits are being
protected with trailing stops.
Options involve risks and are not suitable for everyone. Option trading can be speculative in nature and carry substantial risk of loss. Only invest with risk capital.
The high for the day for the call was $2.85
which would have been 530% profit if you managed to catch the high
less the losses for closing the put option.
More profits are possible but these are good enough results