Enter SPY131011P165 Posted at: October 9th - 9:11 AM Weekly Option Alert Alert Message Very high risk, no initial stop loss, very inexpensive. Now that the SPY has broken the uptrend line I expect follow through to the downside. I suggest the SPY131011P165 at the open this morning should be around .75 or so. Limits & Stops SELF DIRECTED TRADERS: Weekly Option alerts should be traded with 50% stop loss targeting 20% - 50% returns. Additional Trades View all recent trades. 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.