Plays Posted at: August 26th - 8:02 AM Weekly Option Alert Alert Message I know everyone is itching to play but the setups are just not there. With these wild swings and the elevated VIX, options are very expensive and the risk reward is not in our favor. I promise when we get our chance we will jump in. 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.