Tag Archives: SPTLE
Every presidential campaign seems “too long.” But investors, especially, will heave a sigh of relief when it’s all over (we hope!) tonight. I’ll shoot you an e-mail Special Alert tomorrow morning with my thoughts on how the election results will affect our investments.
We’ve hit a bulls-eye with our trade in the December 1125 S&P 500 call options (SPTLE). Thanks to the big stock market rallies yesterday and today, SPTLE closed this afternoon a $24 — a gain of 108% from our entry price just a week ago.
The stock market is forming a good, tradable bottom in here. Within the next couple of days — probably well before the election results are known — Wall Street should make its peace with the political forces at work and move on to the traditional post-election relief rally.