January 9, 2014 Trade Alert - Terry’s Trades Portfolio

We had planned to buy an at-the-money straddle on SPY to catch the higher volatility that has appeared in the last week of the monthly options expiration.  If we were to buy the straddle today we might also catch some volatility that often comes from the jobs report which is due out tomorrow:

BTO 10 SPY Jan-14 183.5 calls (SPY140118C183.5)
BTO 10 SPY Jan-14 183.5 puts (SPY140118P183.5) for a debit of $2.34  (buying a straddle) 
 
Be prepared to change this price limit by $.05 or more in order to get an execution.
 
Happy trading.
 
Terry