Markets Posted at: April 7th - 3:49 PM Weekly Option Alert Alert Message With the VIX elevated like it is the risk reward for options are not currently in our favor. Calls are expensive and puts are expensive. We will give it time to settle down before entering. 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.