New Trade : SPY

Stock / Symbol: SPDR S&P 500 ETF / SPY;

Option Strategy: [Content protected for Monthly members only];
Price at trade post: $195.45;

Reasoning: Putting on an uneven [Content protected for Monthly members only] on SPY with March expiring options for the short legs. This trade currently has a delta of -0.4, a positive theta of 2.2 and a positive vega of 1.4. If SPY hits either our upside stop at [Content protected for Monthly members only] or downside stop at 183.50, we’ll adjust the trade or exit it.

Trade Details:
[Content protected for Monthly members only]

Max Risk: $199
Max Reward: $130 or 65% by Mar 18th [Content protected for Monthly members only]
Non-members, click here for access

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