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TRADE BULLETIN – No Surprise; Sure Winnings from SPGI (53%)

Posted on October 23, 2020

Winding up a nice winner today for a 53% gain.

It was opened on October 8th in a letter called Revolution Begins: Market Decapitated!

There, we urged you to buy the SPGI October 23rd 350 PUT for $6.90 and sell the SPGI October 23rd 340 PUT for $3.30.  Total debit on the affair was $3.60.

Today’s the 23rd, and the breakdown is as follows –

The long PUT sells for $10.60 and the short for $5.10.

Sell of the first and buy back the second, and you pocket $1.90 on $3.60 spent, or 53%.

That said, futures are flat as we go to press, so you might see additional gains on a weaker open or at some other juncture during the day.

As time value decays throughout the day, it’s also possible you’ll pocket the entire $20 spread.

Either way, we’ll be entering Shabbat as the market opens, so you’re on your own.

We’re booking the trade as we’ve stated above, with last night’s closing numbers.

May Hashem bless all you worthy souls with great success.

Health and happiness to all.

Eschatologically yours,

Alan B. Harvard

 

2 responses to “TRADE BULLETIN – No Surprise; Sure Winnings from SPGI (53%)”

  1. M T says:

    I like the consistency of how the prices are booked… but since January the mid-price has been kinder.

    Entry for for 2.20, exit for 4.45, and can remember kicking myself for not waiting longer, more was on the table at one point. Great work on this one.

  2. Alan B. Harvard says:

    bs’d
    Always good to hear from you, MT.
    And good work yourself on the execution here.
    Happy to see you’re modifying things to your taste and the ever changing realities of the market.
    Let the mid-price reign!
    Keep it up, sir!
    And keep in touch.
    Alan

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