Exit SPY 164 Puts Posted at: September 3rd - 3:36 PM Weekly Option Alert Alert Message Spy puts gave us an additional 20-25% on the day, not a bad day. I suggest exiting before the close today. 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.