$SPY Option Feeding Frenzy


Normally the $SPY is a boring, slow, methodical proxy on the S&P 500.  But after the massive rally of the last two trading days options on the $SPY are providing some incredibly amazing returns.

The $204 calls on Tuesday were at $.01 today they closed at $2.71.


Look at the gains for today on many of the strikes.  That is on top of yesterdays big gains as well.

Known to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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