Browse Symbol Stacks: DIA: DIA-daily-Oct1.jpg

DIA-daily-Oct1.jpg

I’m tracking four Oct 10 167/169 put spreads for a 0.05 CREDIT, based on subscriber feedback left in the chat room. Traders were able to leg on this position at very favorable prices using a rally target at 171.10 sent out Monday night. It precisely nailed an intraday peak on Tuesday at 171.10, triggering a recommendation to buy the 169-strike puts, and then to spread them off yesterday morning by shorting 167-strike puts after DIA had fallen sharply. We’ll put the position on autopilot for now, since it cannot lose — will in fact produce a profit of $20 no matter what DA does, but with potential to serve up an $820 gain if DIA is trading below 167 come next Friday. For your interest, and to help you determine whether you could have followed my instructions, here is the recommendation exactly as it went out: “We’ll monitor this vehicle more closely for low-risk shorting opportunities in the days ahead. Let’s warm up with an order to buy four Oct 10 169 puts if and when DIA gets within 0.04 of the 171.10 targe

Comments

Rick AckermanRick Ackerman
http://www.rickackerman.com/2014/10/dia-dow-industrials-etf- last167-90/ 10/1/14
Burn this market down BiggieBurn this market down Biggie
You're only charging $49/month? That's a bargain. :) 10/1/14