News Event Straddle using SPY Weekly Options NEWS EVENT - FED SPY Straddle The straddle SPY MAR 31 204 CALL bought at $.45 has a high of the day of $2.80 today so far for a 520% profit SPY MAR 31 202 PUT @ $.55 closed with trailing stop Equal dollar amount invested in each Cost $1.00 to open position Position is still open but profits are being protected with trailing stops.
RISK DISCLAIMER Options involve risks and are not suitable for everyone. Option trading can be speculative in nature and carry substantial risk of loss. Only invest with risk capital.
Position closed with positive results The high for the day for the call was $2.85 which would have been 530% profit if you managed to catch the high less the losses for closing the put option. More profits are possible but these are good enough results