Exit SPY 165 Put Posted at: August 21st - 9:17 AM Weekly Option Alert Alert Message Before they start stripping away premium I suggest exiting the SPY 165 puts for a very small gain. Do not do it immediately at the open as it takes time to get all the SPY stocks trading, say 9:32am et. We may get into GOOG 880 calls later. 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.