Posted at: June 6th - 8:45 AM

Weekly Option Alert

Alert Message

Great profits over the past few months. Spy is bouncing off the 50 day ema heading back into resistance around 164. We will monitor the situation but a serious drawdown from that resistance could be building. We were seriously oversold yesterday causing the market to bounce along with support at the 50 day. More than likely no new plays until something changes. Our sister site onedaywonderoptions may well put out some plays tomorrow.

Limits & Stops

SELF DIRECTED TRADERS: Weekly Option alerts should be traded with 50% stop loss targeting 20% - 50% returns.

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Weekly Options Instructions

All options are buy to open, sell to close. Options follow the following format: Stock + Expiration Date + Option Type + Strike Price. Example QQQ201220C120 = QQQ 2020/12/20 Call $120.

Read Weekly Options Guidelines for more information about how to trade our Weekly Options strategy.


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One Day Wonder Options

Our other service, One Day Wonder Options focuses on weekly option picks only. Get up to 3 weekly option plays every Friday. Make up to triple digit returns and mitigate risk with small allotments.