New Trade SPY130705P159 Posted at: June 26th - 7:09 AM Weekly Option Alert Alert Message I suggest starting a new half size SPY put position with no initial stop loss. If the SPY should get to 160 that is where you should add the second half. I will be gone for the first hour of trading so I do not have the price these will open at. Wait 5 minutes at the open then buy so the price may come down. 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.