On January 11th TheOptionPlayer.com executed the S&P 500 Index (SPX) January 17th expiration (7-day) option strategy. As confirmed in the chart below the S&P 500 index gapped higher today. We executed a trade adjustment to minimize the probability of a loss. Login in as a Premium Subscriber to view data/images
Instead of generating a loss position as the S&P 500 Index moves higher, the trade adjustment converts the trade to a debit spread that becomes more profitable as the price goes up. You can see in the current S&P 500 index status in the chart below.
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