MyWealthyOptions: Alert 53 : SPY Diagonal Spread

Strategy, Approach and Statistics

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Tuesday, March 6, 2012

SPY Butterfly at $1.36

(+ MAR 09 '12 133 Call

- MAR 09 '12 136 Call

+ MAR 09 '12 139 Call)

Comments: SPY has a support at 134.30. The trade will be profitable if SPY closes between 134.36 and 137.64 by closing on March 09, 2012.

Updates to the "Last 10 trades" section of the blog will be made shortly.

Strategy, Approach and Statistics