Addy 7:54 am on Thursday, January 26, 2017
Tags: SPXcampaign ( 2,265 )

#SPXcampaign BTC SPX 8 FEB…

#SPXcampaign BTC SPX 8 FEB 17 2170/2145 BuPS @.25 sold on 1/12/2017 @1.40

Quinae 9:27 am on Thursday, January 26, 2017

What does the acronym BuPS stand for?
- optionshane 9:28 am on Thursday, January 26, 2017
  
  Bull Put Spread. Check out the #spxcampaign chart on the right side of the page. It will show you Jeff’s SPX trades and acronym definitions.
  - Quinae 9:32 am on Thursday, January 26, 2017
    
    Much appreciated. Thanks.
- Jeff 9:49 am on Thursday, January 26, 2017
  
  Bull Put Spread. It is a put spread that is sold with the belief that the stock will perform bullishly (go up).
  
  Here, Addy sold the 2170 put and bought the 2145 put. He received a net credit of 1.40 for the trade, and he will keep it if the SPX stays above 2170 between now and Feb 17th. He will likely buy to close the spread for .20 or so in advance of Feb 17th.

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