Enter SPY160812P216 Posted at: August 3rd - 12:20 PM Weekly Option Alert Alert Message I suggest entering next week's SPY 216 Puts SPY160812P216 at market, currently trading at 1.50 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.