Open Trades Update As Quarterly Options Expiration Approaches

As markets meander into the end of the year, the deep-in-the-money (DITM) quarterly OpEx SPY spreads are sitting pretty. It will be a nice way to finish off such a great year for BookingAlpha (see our performance metrics below)!

Both long and short strikes of the respective spreads are so far ITM that I plan to leave them open through OpEx. I am doing this for a couple reasons:

1 - By letting the spreads go through expiry we will receive the full value of the spreads ($5 and $2 respectively) through expiration/liquidation thereby giving us full profits for the trades.

2 - We will save the closing commission; holding onto a little extra pocket change never hurts!

The open trades are expected to yeild 9.41% profit for the Weekly Trading Service and 21.21% for the Monthly Trading Service.

Navigate wisely and stay profitable, my friends. Happy trading!

+66.01% YTD BookingAlpha Monthly Advisory

+37.83% YTD BookingAlpha Weekly Advisory

vs.

-0.64% YTD S&P 500

See Trading Record

Market News and Data brought to you by Benzinga APIs