Thanks for your patience as we continue to recover from the disaster. It is quite the mess here in the mountains but we are doing our best to keep up and help others.
I wanted to let you an our dedicated Daily Profit Play readers get early access to a big event we are having next week. I will be live next Wednesday at 1pm and will sharing an unprecedented chance to get in on one of my newest programs. If you want to check it out, go to this link to sign up. This is going out to other traders in just a couple days so be sure to sign up early.
When I look for a great trade, one of the places I turn is to SPY, or the SPDR S&P 500 trust. This heavily traded exchange traded fund tracks the S&P 500 and often creates opportunities from broader market moves.
To zero in on a trade for this week, let’s look at what the S&P did Wednesday to get a sense of what it might do this week. (I have also included an update on a previous trade example at the bottom of this message)

This chart image is courtesy of FINVIZ.com a free website and shows us how it moved on the most recent trading day.
Next, we want to see where the momentum is to get a sense of the direction it will head next. As we look at the chart of the SPY below, pay attention to the Percentage Price Oscillator or PPO at the bottom of the chart. When the lines in the PPO cross it is a telling signal, we can use to find a trade. To get more information on the PPO, click here.


The stock price in this example is $490.94. If price goes to $491 you could consider a CALL option.
We are always looking for ways to minimize risk and increase our potential profit when we trade. Options are a great way to do just that.
If you were trading options and selected a 490 CALL option strike, you would pay a premium of around $14.30 for the Nov 15th expiration, or $1430 for the 100-share option contract. If the stock price moves to 500 the premium is apt to go up about $4.50. Your premium of $1430 plus $450= $1880. That is a profit of 31% over a short period of time.
To see a short video with more information on how I transformed my life with options trading, click here. I am grateful for how options have helped me, and it has inspired me to teach traders like you what I have learned.
I love teaching and sharing. It is my “thing”.
Stay positive and know you can do this. Knowing creates positive results! A part of the abundance process is letting go of anything negative, which creates space to receive.
I wish you the very best,
Wendy

Previous Trades:
On 9-25 we discussed buying Puts. On 9-26 the Oct 15th 569 put was $5.36. You could have sold on 10-4 for $7.32 which would have been a 37% profit.
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