Fed News Event Straddle using SPY Weekly Options

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News Event Straddle using SPY             Weekly Options
Here is a SPY             straddle
where a trailing stop will be use to
close out one of the options
and hopefully catch any move
after the fed news event today.

SPY             Straddle
SPY             MAR 31 204 CALL @ $.45
SPY             MAR 31 202 PUT @ $.55
Equal dollar amount invested in each
Cost $1.00

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.
Trade active: The net profit of the straddle so far depends how quickly
the put potion of the trade was closed.

The call portion of the straddle is up 200% with the position remaining
open overnight. We will continue to hold the position open
and protect the profits with trailing stops. We will wait for a TOP signal.

SPY is at resistance 205

SPY MAR 31 204 CALL opened @ $.45
High for the day was $1.50 for a 200% profit on the call portion of the trade

SPY MAR 31 202 PUT @ $,55 closed with a trailing stop
Equal dollar amount invested in each
Cost $1.00
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