New Enter SPY131011P167 Posted at: October 10th - 9:38 AM Weekly Option Alert Alert Message Due to option erosion I cancelled the 166 SPY puts. I now suggest the SPY 167 puts SPY131011P167 currently at .47. High risk no initial stop loss. 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.