Small Account Trader PRO Alert: Roll EEM Short Options

We will need to add an additional leg on our SPY trade this week. For today, let’s just roll our 16 Nov 376 put out two weeks. We will add the other leg via alert or possibly during the live trading session on Friday.

 

TRADE ROLL

 

SPDR S&P 500 ETF (SPY):  396.26

 

TRADE ACTION:  ROLL the SPY 16 Nov 376 put to the SPY 30 Nov 376 put for a net credit of around 1.20

BTC the SPY 16 Nov 376 put

STO the SPY 30 Nov 376 put

 

The Master Portfolio is trading 3 contractsWe continue to chip away at our cost basis on our long-term iShares Emerging Markets ETF (EEM) trade. Let’s roll our short options out another month for more credit.

 

TRADE ROLL

 

iShares Emerging Markets ETF (EEM):  38.25

 

TRADE ACTION 1:  ROLL the EEM 18 Nov 35 put to the EEM 16 Dec 38 put for a net credit of around 1.15

BTC the EEM 18 Nov 35 put

STO the EEM 16 Dec 38 put

 

TRADE ACTION 2:  ROLL the EEM 18 Nov 35 call to the EEM 16 Dec 35 call for a net credit of 0.20

BTC the EEM 18 Nov 35 call

STO the EEM 16 Dec 35 call 

 

The Master Portfolio is trading 5 contracts.