Trade Alert: Take this SPY Call Spread to the Bank
Shah Gilani|August 9, 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.
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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.
Shah Gilani
Shah Gilani is the Chief Investment Strategist of Manward Press. Shah is a sought-after market commentator… a former hedge fund manager… and a veteran of the Chicago Board of Options Exchange. He ran the futures and options division at the largest retail bank in Britain… and called the implosion of U.S. financial markets (AND the mega bull run that followed). Now at the helm of Manward, Shah is focused tightly on one goal: To do his part to make subscribers wealthier, happier and more free.