This is a super small POMO play for 3/15 , its the biggest POMO day of the month and should provide a nice lift to the $SPX tomorrow.

I am by no means long for long here, and quick swing play into tomorrow.

Profit area on this play for tomorrow is 1562.50 to 1577.50 anywhere in between.

Bought 1 set lot

Buy to open 1 $SPX mar16 1560 call
Sell to open 2 $SPX mar16 1570 calls
Buy to open 1 $SPX mar16 1580 call

Total cost was limit 2.50 debit

Or $250 w/out commission

Max value of play is $1000 if $SPX expires at 1570 tomorrow.

Advertisements