Widen SPY stop to 35% Posted at: February 22nd - 1:39 PM Weekly Option Alert Alert Message In the last hour Honeywell and UTX news came out about a merger causing the DOW to rise. I suggest widening your stops to 35% 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.