Trade Alert: SPY

By Stephen Leeb • January 29, 2018

Buy to open the SPDR S&P 500 ETF (NYSE: SPY) June 15, 2018 $283 put option.

My stock indicator, which is based on the S&P 500 Index, has turned bearish enough to warrant buying a put on the SPDR S&P 500 ETF (NYSE: SPY). I like the June 15, 2018 $283 put.

This is a Pot-1 Trade.

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Rick

01/29/18 ‐ 10:14am ET January 29, 2018 at 10:14am ET

The price moved quickly this morning. I was able to buy the Jun 2018 $283 SPY Put at $7.19. I noticed that you have it in the portfolio at $6.88.

Scott Chan

01/29/18 ‐ 10:52am ET January 29, 2018 at 10:52am ET

Dear Rick,

Unfortunately it takes a bit of time for the email team to get the email alert out after we post the alert on the website.

Rick

01/29/18 ‐ 11:15am ET January 29, 2018 at 11:15am ET

No problem Scott. I was making an observation, not a complaint. Any trades during the day can quickly go either way.

James P

01/29/18 ‐ 10:26am ET January 29, 2018 at 10:26am ET

Can someone kindly help me find the information about the 3 Pot system for Aggressive Trader? I can’t seem to locate it on my own. Thanks.

Scott Chan

01/29/18 ‐ 10:54am ET January 29, 2018 at 10:54am ET

Dear James,

Please see here.
https://www.investingdaily.com/aggressive-trader/articles/40297/the-three-pots-system-for-maximizing-your-gains

James P

01/29/18 ‐ 11:23am ET January 29, 2018 at 11:23am ET

Thank you.

Stanley

01/29/18 ‐ 11:30am ET January 29, 2018 at 11:30am ET

What are the pricing parameters on SPY 238 Puts June puts
I put in a buy @ 7.00
Current pricing at 7.50

Scott Chan

01/29/18 ‐ 1:32pm ET January 29, 2018 at 1:32pm ET

Dear Stanley,

$7.20 or below–which would be about 5% above our $6.88 entry price–would be reasonable.

Paul

01/29/18 ‐ 2:33pm ET January 29, 2018 at 2:33pm ET

Bought SPY at $7.08.

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About The Author

Stephen Leeb

Bio | Archive

Stephen Leeb, Ph.D. is the Chief Investment Strategist of The Complete Investor and Real World Investing.

Dr. Leeb’s books have been notable for predicting the secular bull market that started in the 1980s (Getting in on the Ground Floor, Putnam, 1986); the tech stock crash and rise of real assets, including oil and gold (Defying the Market: Profiting in the Turbulent Post-Technology Market Boom, McGraw-Hill, 1999); and the surge in oil prices (The Oil Factor: Protect Yourself and Profit from the Coming Energy Crisis, Warner Books, 2004). His national bestseller, The Coming Economic Collapse: How You Can Thrive When Oil Costs $200 a Barrel (Warner Books, 2006), co-authored with Glen Strathy, outlined the biggest challenges facing the US economy, and accurately predicted the 2008 sub prime mortgage crisis as well as the vicious subsequent economic cycle requiring massive infusions of government stimulus, near zero interest rates and much higher federal debt levels. Game Over: How You Can Prosper in a Shattered Economy (Business Plus, 2009) predicted a permanent peak in global commodity production. Dr. Leeb’s eighth and latest book, Red Alert (Hachette, 2011), outlined China’s growing prosperity and the ways in which its demands on increasingly scarce resources threaten the American way of life.

Among his many speaking engagements, he has been the keynote speaker at both a JPMorgan Chase energy conference and a Royal Bank of Canada commodities conference.

Dr. Leeb received his bachelor’s degree in Economics from the University of Pennsylvania’s Wharton School of Business. He then earned his master’s degree in Mathematics and Ph.D. in Psychology from the University of Illinois in just three years, an academic record that stands to date. He is frequently quoted in the financial media, including Investors Business Daily, USA Today, Business Week, The New York Times, NPR and The Wall Street Journal. In addition, Dr. Leeb is a regular guest on Fox News, Bloomberg, CNN and Neil Cavuto.