SPY 156 Put Posted at: April 16th - 8:59 AM Weekly Option Alert Alert Message Markets continue to weaken if you are out of the SPY 156 put I suggest you reenter again SPY130426P156 currently at 1.23 If you sold these yesterday with the market head-fake I suggest you buy more here. Head and shoulders pattern on the chart with the sell in May and go away crowd just around the corner. I suggest a position in next week's SPY 156 put. SPY130426P156 Currently at 1.26 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.