Trade Alert: Buy SPY call option

By Stephen Leeb • February 21, 2018

Buy to open the SPDR S&P 500 ETF (SPY) June 15, 2018 $282 call option. Pay no more than $4.75.

My stock indicator has become bullish enough to buy a call on the S&P 500. I like the SPY June 15, 2018 $282 call.

Stock Talk

Comments Oldest First

Comments Guidelines

Derek: Las Vegas, NV

02/21/18 ‐ 2:23pm ET February 21, 2018 at 2:23pm ET

SPY filled at $4.75 debit

Guess I should’ve waited a bit…

Derek

Stephen Leeb

02/22/18 ‐ 2:46am ET February 22, 2018 at 2:46am ET

Hi Derek et al, I should have waited. The SPY indicators are bullish and I wanted to make sure the Fed notes did not throw a monkey wrench into things. The market obviously read the notes as much more bearish that I did. We could see a bit more selling today. Still, the indicators have improved a touch since Wednesday so while I don’t expect a quick victory, I do think our chances are still pretty good. There may be a bit more suffering but unless the indicators turn I plan to stay with the trade. Sorry for the poor timing but I think we are still very much in the game. Stay tuned. Steve

Benny K

02/21/18 ‐ 2:33pm ET February 21, 2018 at 2:33pm ET

Stephen,
Filled at 4.74 debit. Which pot should this trade go to?

Derek: Las Vegas, NV

02/21/18 ‐ 4:16pm ET February 21, 2018 at 4:16pm ET

ETF trades are typically pot 1, unless pot 1 is already in use.

Derek

Jeffrey J

02/21/18 ‐ 2:41pm ET February 21, 2018 at 2:41pm ET

Filled @ $4.69 on Fidelity.

Ronner

02/21/18 ‐ 3:05pm ET February 21, 2018 at 3:05pm ET

filled at $4.39 debit for SPY180615C282

DanB

02/21/18 ‐ 3:14pm ET February 21, 2018 at 3:14pm ET

SPY filled at 3.87 on E*trade

Victor

02/21/18 ‐ 3:27pm ET February 21, 2018 at 3:27pm ET

filled @ $4.65 on Tastyworks

Rick

02/21/18 ‐ 3:28pm ET February 21, 2018 at 3:28pm ET

Filled at $3.95 on Fidelity. I used the funds in Pot 1 for the purchase.

Michael D

02/21/18 ‐ 3:44pm ET February 21, 2018 at 3:44pm ET

SPY call filled for $3.96 cr at Schwab SS 3:29 p.m.
thank you!

Michael D

02/21/18 ‐ 3:46pm ET February 21, 2018 at 3:46pm ET

correction $3.96 DB sorry..
….too many trades going on at end of day..

Stanley

02/21/18 ‐ 4:16pm ET February 21, 2018 at 4:16pm ET

SPY filled 3.98 debit @ Fidelity

Scott Chan

02/21/18 ‐ 4:56pm ET February 21, 2018 at 4:56pm ET

Dear all, this is a Pot 1 trade as it’s an ETF option trade.

Cyan

02/21/18 ‐ 7:43pm ET February 21, 2018 at 7:43pm ET

I got filled for 4.21 debit.

Larry Johnson

02/22/18 ‐ 9:31am ET February 22, 2018 at 9:31am ET

In at 3.61 first thing this morning.

Add New Comments

You must be logged in to post to Stock Talk OR create an account