Trade Alert: Take this SPY Call Spread to the Bank

Shah Gilani Aug 09, 2022

While we haven’t climbed out of this bear market just yet, it would be a shame to pass up triple-digit gains that this rally is offering us. Before August 19, we could see 90-100% returns on a simple call spread as the S&P 500 moves higher.

Make sure you enter today’s trade soon. This bear-market rally could turn around any moment.

Click the video below to learn more about today’s play.

To implement this trade you need to buy SPY $416 August 19, 2022 Calls (SPY220819C00416000) and simultaneously sell SPY $417 August 19, 2022 Calls (SPY220819C00417000) to create a call spread.

If you need any help with options, please consult our options guide, which you can read here.

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