Trade Alert: Close SPY call option

By Stephen Leeb • February 12, 2018

Sell to close the SPDR S&P 500 ETF (SPY) June 15, 2018 $262 call.

My stock indicator has weakened a bit. I think it prudent to close the position and take the gain.

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Stanley

02/12/18 ‐ 2:06pm ET February 12, 2018 at 2:06pm ET

Closed SPY for 14.22 i day 29% profit.
Thanks

MarkS

02/12/18 ‐ 2:14pm ET February 12, 2018 at 2:14pm ET

Opened SPY at 11.00 on Friday, closed at $13.50 today.
23% gain in 2 days!
with they were all that easy

Scott Chan

02/12/18 ‐ 4:40pm ET February 12, 2018 at 4:40pm ET

Dear Mark and Stanley,

Glad to see you gents did well! Better than us in fact. Our entry and exit prices were $11.06 and $13.47 respectively.

Much credit to Steve’s stock indicator.

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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.