as of note SPY ETF goes ex dividend on Dec 20th for 1.52 per
share. One option with the SPY system probably exiting today
is to not exit the full position or only the options and keep some
or all of the SPY ETF with a stop. Then if the market experiences a
Christmas rally and you are still in the SPY position come Dec 20th
you receive that dividend
Posted by chapgolf on 12th of Dec 2019 at 03:47 pm
So using the 2 hour chart on SPY, place stop just under $312.81
for the etf. The daily would be down closer to $307.13.
That is if we want to keep our position.
I really thought about keeping 1/2 of the ETF position on the
website, however the table gets weird when I do 1/2 positions like
that as it doesn't match the options. whatever I gave you guys some
options 'pun intended' to consider on your own
no - sometimes that's possible, but many other times the trades
are on edge and signals that are confirming can be lost the last 10
seconds of the day if price spikes
trades can easily be taking after the close
ETFs trade until 8 pm EST, so you have 4 hrs after the close, so
that's no issue
options trade until 4:15 so you have 15 min after the close
as of note SPY ETF
SPY and ES sysetms exel files trade history
Posted by matt on 12th of Dec 2019 at 03:38 pm
as of note SPY ETF goes ex dividend on Dec 20th for 1.52 per share. One option with the SPY system probably exiting today is to not exit the full position or only the options and keep some or all of the SPY ETF with a stop. Then if the market experiences a Christmas rally and you are still in the SPY position come Dec 20th you receive that dividend
So using the 2 hour
Posted by chapgolf on 12th of Dec 2019 at 03:47 pm
So using the 2 hour chart on SPY, place stop just under $312.81 for the etf. The daily would be down closer to $307.13. That is if we want to keep our position.
I was looking at the
Posted by matt on 12th of Dec 2019 at 03:50 pm
I was looking at the 60 min, 315.33 is the intra day higher low
or 312.8 - 313 area
Posted by matt on 12th of Dec 2019 at 03:51 pm
or 312.8 - 313 area if you wanted more room
I really thought about keeping
Posted by matt on 12th of Dec 2019 at 03:56 pm
I really thought about keeping 1/2 of the ETF position on the website, however the table gets weird when I do 1/2 positions like that as it doesn't match the options. whatever I gave you guys some options 'pun intended' to consider on your own
Great Trade Matt! Thanks for
Posted by craigm on 12th of Dec 2019 at 04:03 pm
Great Trade Matt! Thanks for the early Christmas present ;-)
Matt, great trade. Can you
Posted by hclaud_99 on 12th of Dec 2019 at 04:23 pm
Matt, great trade. Can you please send the confirmation email 10 mins before market close so that the position can be closed? Thanks.
no - sometimes that's possible,
Posted by matt on 12th of Dec 2019 at 04:31 pm
no - sometimes that's possible, but many other times the trades are on edge and signals that are confirming can be lost the last 10 seconds of the day if price spikes
trades can easily be taking after the close
ETFs trade until 8 pm EST, so you have 4 hrs after the close, so that's no issue
options trade until 4:15 so you have 15 min after the close
Posted by matt on 12th of Dec 2019 at 04:48 pm
Oh Man you didn't.
Posted by retirefire on 12th of Dec 2019 at 04:24 pm
Oh Man you didn't.
I see, thank you.
Posted by chapgolf on 12th of Dec 2019 at 03:51 pm
I see, thank you.
one option I could do
Posted by matt on 12th of Dec 2019 at 03:47 pm
one option I could do is close out the option and 1/2 the ETF and keep a stop on the remainder of the ETF at 315.25