Trade Alert: SPY

By Stephen Leeb • November 14, 2017

Sell to close the SPDR S&P 500 ETF (NYSE: SPY) March 16, 2018 $258 put option.

Take the gain in the March SPY put.

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Paul Horstmann

11/14/17 ‐ 2:56pm ET November 14, 2017 at 2:56pm ET

Keep the Dec. 15 SPY put , or close that one also?

Scott Chan

11/15/17 ‐ 12:14pm ET November 15, 2017 at 12:14pm ET

Dear Paul,

Steve would like to keep the December SPY put open for now.

Scott Chan

11/16/17 ‐ 9:53am ET November 16, 2017 at 9:53am ET

Dear Paul,

We have just closed out this half of the two-part trade from October.

DR083157

11/15/17 ‐ 11:59am ET November 15, 2017 at 11:59am ET

Please address Paul’s question as I had the same “Keep the Dec. 15 SPY put , or close that one also?”

Scott Chan

11/15/17 ‐ 12:15pm ET November 15, 2017 at 12:15pm ET

Dear DR083157,

Steve would like to keep the December SPY put open for now.

Scott Chan

11/16/17 ‐ 9:54am ET November 16, 2017 at 9:54am ET

Dear DR083157,

We have just closed out this half of the two-part trade from October.

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About The Author

Stephen Leeb

Bio | Archive

Stephen Leeb, Ph.D. is the Chief Investment Strategist of The Complete Investor and Real World Investing.

Dr. Leeb’s books have been notable for predicting the secular bull market that started in the 1980s (Getting in on the Ground Floor, Putnam, 1986); the tech stock crash and rise of real assets, including oil and gold (Defying the Market: Profiting in the Turbulent Post-Technology Market Boom, McGraw-Hill, 1999); and the surge in oil prices (The Oil Factor: Protect Yourself and Profit from the Coming Energy Crisis, Warner Books, 2004). His national bestseller, The Coming Economic Collapse: How You Can Thrive When Oil Costs $200 a Barrel (Warner Books, 2006), co-authored with Glen Strathy, outlined the biggest challenges facing the US economy, and accurately predicted the 2008 sub prime mortgage crisis as well as the vicious subsequent economic cycle requiring massive infusions of government stimulus, near zero interest rates and much higher federal debt levels. Game Over: How You Can Prosper in a Shattered Economy (Business Plus, 2009) predicted a permanent peak in global commodity production. Dr. Leeb’s eighth and latest book, Red Alert (Hachette, 2011), outlined China’s growing prosperity and the ways in which its demands on increasingly scarce resources threaten the American way of life.

Among his many speaking engagements, he has been the keynote speaker at both a JPMorgan Chase energy conference and a Royal Bank of Canada commodities conference.

Dr. Leeb received his bachelor’s degree in Economics from the University of Pennsylvania’s Wharton School of Business. He then earned his master’s degree in Mathematics and Ph.D. in Psychology from the University of Illinois in just three years, an academic record that stands to date. He is frequently quoted in the financial media, including Investors Business Daily, USA Today, Business Week, The New York Times, NPR and The Wall Street Journal. In addition, Dr. Leeb is a regular guest on Fox News, Bloomberg, CNN and Neil Cavuto.