Enter SPY160506P205 Posted at: May 5th - 9:28 AM Weekly Option Alert Alert Message I suggest this week's SPY 205 put play High risk no stop loss. SPY160506p205 at market, currently at .78 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.