GIFTEC

SPY WEEKLY OPTION STRADDLE FOR NO REASON

AMEX:SPY   SPDR S&P 500
APR             4 SPY             WEEKLY OPTION STRADDLE
Here's a straddle for no particular
reason other than we are between
support and resistance
and one might not hold
206 and 207

APRIL 4 SPY             STRADDLE
SPY             APR             8 208 C @ $.33
SPY             APR             8 203.50 P @ $.30
Equal amounts invested in each
TOTAL COST .$.63

RISK DISCLAIMER
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.


http://topandbottomtradesignals.net
Trade active: 50% PROFIT SO FAR ON SPY-0.68% STRADDLE

SPY-0.68% APR 8 203.50 P @ $ 30
PUT HIGH OF THE DAY &.88
CALL PORTION OPENED AT $.09
for a total high price of the day $.97
so far for the straddle
FOR A 50% PROFIT SO FAR

APRIL 4 STRADDLE
SPY-0.68% APR 8 208 C @ $ 33
SPY-0.68% APR 8 203.50 P @ $ 30
Trade closed: stop reached: The early results are the best so far and unless SPY can drop below 204 it looks like "That's all she wrote."
This looks like a bottom for SPY as we have a propitiatory BOTTOM signal.
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