Enter SPY140517P187 and QQQ140517P87 Posted at: April 23rd - 9:49 AM Weekly Option Alert Alert Message I suggest a half size position in the May SPY puts and the QQQ puts. The old adage sell in May and go away may well begin playing out after the big earnings are in this week. If the market rises we will suggest the second half of the position. There are no stop losses in these yet, we have 23 days till expiration. SPY140517P187 currently at 1.98 and QQQ149517P87 currently at 1.40 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.