The SPY Short-Term Power Plays
Play the SPY’s two-day expirations and get a couple of long or short power plays each week.
The SPY Power Play Trades For The Week Of – 12-30-19
Quick Take: The SPY Bullish Power Play Trade
Time Frame: Three Days.
Underlying Index – SPY: Bullish Market Edge Opinion – No Stock Position.
Desired Price Direction: Up.
Option Position: Long Deferred ATM -1or -2 Call – Short Expiring ATM +1 or +2 Call.
Maximum Risk: Initial debit spread amount.
Summary: The index (SPY) performs as anticipated. The premium (air) is the short expiring call goes to zero while the long deferred call gains additional premium.
Quick Take: The SPY Bearish Power Play Trade
Time Frame: Three Days.
Underlying Index – (SPY): Bearish Market Edge Opinion – No Stock Position.
Desired Price Direction: Down.
Option Position: Long Deferred ATM +1 or +2 Put – Short Expiring ATM -1 or -2 Put.
Maximum Risk: Initial debit spread amount.
Summary: The index (SPY) performs as anticipated. The premium (air) in the short expiring put goes to zero while the long deferred put gains additional premium.
This Week’s Spy Power Play Trades
SPY Power Plays, if any are posted on Monday and Wednesday around 11:00 AM EST
There Are No New Spy Power Plays For This Week.
Results for this week’s trades will be posted over the weekend on the Scoreboard.
The Optionomics, SPY Short-Term Power Plays are ideal for short-term traders looking for broad market option plays. The SPY is the only stock or index that has three-day option expirations which make them a great trading vehicle. Watch the video to find out how it works then download the SPY Booklet!