Hamzei_Analytics · @HFT_StockOption
14th Mar 2013 from Twitlonger
March 14, 2013
SPDR S&P 500 (SPY)
Bias: Bullish
Price Target: $159
Given the recent price movement in the market, we have a bullish bias on the market for the near term. With that thesis in mind, we believe that the best investment tool to capture the potential move higher is using SPY ETF. The duration of this trade will be about 50 days. Based on historical information about market moves, the probabilities of the market going higher is significant.
We are initiating only 50% of the total position and we will add 2 more legs of about 25% each on any pullback.
BUY To OPEN 2 SPY Jun-22 157 Calls trading at $3.27
SELL To OPEN 2 SPY Apr-20 158 Calls trading at $0.98
SPY is now trading at $156.61
This spread is now trading at $2.29
The Total Cost of this trade is $4.58
Day Order Only