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

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