Trade Alert: Bull Put Spread Tue Apr 9 2024 Hey traders, Larry here. Today we’re going to open a new bull put spread on the S&P 500 Index (SPX) … Action to Take: Sell to open the SPX April 9 Weekly 5200/5180 Bull Put spread for a net credit of $1.50 or better. The spread is currently trading at $1.75. We will assess the range of the spread over the next 10 minutes to ensure you had ample time to enter the trade. If there is insufficient time for traders to enter this trade at our recommended price, we will follow up with further instructions. Sell to open SPX April 9 Weekly 5200 put. Buy to open SPX April 9 Weekly 5180 put. Ensure that these two simultaneous trade actions result in a net credit of $1.50 or better for the spread. Be sure to use a "vertical" order in your brokerage account when you place the trade. Do NOT place this trade as two separate positions. For a refresher on how to do this, watch Part 3 in your video training series and read your special report on vertical spreads. With this trade, we're looking for the market to rise a bit or just stay the same by expiration. If that happens, the spread will expire worthless and we'll keep the entire net credit. This is a speculative trade, and we will not have a stop loss on this position. If the spread trades outside of our specified price before you’re able to get in, don’t chase the price. Simply set a good-till-canceled or GTC order at our specified price, Wait for the trade to come back into range. Once it does, the trade will execute automatically. As always, keep an eye on your inbox for the next opportunity. Regards, Larry Benedict Editor, The S&P Trader Download the Opportunistic Trader Mobile App To make sure that you always have an eye on my trades, make sure you download the Opportunistic Trader Mobile App (here are the links for iOS and Android) and enable push notifications after you log in. That way, you'll receive a notification on your phone as soon as I post my next actionable guidance, and never miss the chance to profit. And if you're a user of the Opportunistic Trader Mobile App and find it valuable, consider leaving a review on the App Store or Google Play page. If you think it could use some work, let us know that, too. The Opportunistic Trader 55 NE 5th Avenue, Delray Beach, FL 33483 www.opportunistictrader.com To ensure our emails continue reaching your inbox, please add our email address to your address book. This email was sent to indra21poetra@gmail.com because you subscribed to this service. The Opportunistic Trader welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. To contact Customer Service, call toll free Domestic/International: 1-888-208-6550, Mon–Fri, 9am–5pm ET, or email us here. © 2024 Omnia Research, LLC. All rights reserved. Any reproduction, copying, or redistribution of our content, in whole or in part, is prohibited without written permission from Omnia Research, LLC. Privacy Policy | Terms of Use