UPDATE: SPY, MGM & New Idea

Heightened risk here with this number. Is this the turn? Premium Trade Ideas [Click To Learn More]( Hi , I hope you are well. Here's some quick thoughts. SPY On July 6th, I gave you this SPY August 16th $535-$550 Put Spread for $2.75. It should be doing well for you. You can send me a nice thank you note if you'd like. I really do appreciate those. 😉 I suspect the market has its eye on that gap higher in mid-June near $535. Make sure you peel off some profits well before that. Consider that the SPY went up almost 40% since the October lows. We are down 2.8% in a few days. Perspective is important, so make sure you know which one of those last two sentences is "abnormal." MGM Seems like just a normal pullback. This is a great stock to own if we don't have a deep recession. The market is starting to take notice. FLR As part of joining The Top 1% Club these days I am giving a free Premium Trade Idea. In late-May, I gave this one on FLR. It scored big this week. I think it's worth a read to see how these Premium Trades offer you more than just an idea. Over time, they teach you how to think and develop the "story" on your own. It's the "story" that gives you the confidence to add context to the charts and options flow. Also, the idea doesn't go away because of price movement. You will see that this idea is still valid going forward. The only issue now is price. [CLICK HERE TO READ TRADE IDEA #749]( Be careful out there. Best, Felix P.S. If you have any questions, reach out by replying to this email. I am here to help. P.P.S. If you like these Winning Picks Premium Ideas, consider getting 25-30 of them over the next 3 months. In addition, I have five (5) open spots for coaching included in the Quarterly Special [CLICK HERE]( Felix Frey Creator of OptionsGeek felix@optionsgeek.com DISCLAIMER: Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses. Options involve risks and are not suitable for everyone. Prior to buying or selling options, an investor must receive a copy of Characteristics and Risks of Standardized Options. Copies may be obtained by contacting your broker, The Options Industry Council at One North Wacker Drive, Chicago, IL 60606, or by visiting www.OptionsEducation.org. Felix Frey and OptionsGeek, LLC. are not registered as an investment adviser nor a broker/dealer with either the U.S. Securities and Exchange Commission or any state securities regulatory authority. All users of this Content and/or the OptionsGeek.com website must determine for themselves what specific investments to make or not to make and are urged to consult with their own independent financial advisors with respect to any investment decision. The viewer bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. All opinions, analysis and information included on this Content and the OptionsGeek.com website are based on sources believed to be reliable and written or produced in good faith, but should be independently verified, and no representation or warranty of any kind, express or implied, is made, including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. In addition, Felix Frey and OptionsGeek, LLC. undertake no responsibility to notify such opinions, analysis or information or to keep such opinions, analysis, or information current. Also be aware that owners, employees, writers, or producers of and for OptionsGeek, LLC. may have long or short positions in securities that may be discussed on this Content or on the OptionsGeek.com website. Past results are not indicative of future profits. Felix Frey and the principals and/or employees of OptionsGeek, LLC. may hold securities of companies mentioned on the Content. Neither Felix Frey or OptionsGeek, LLC. is receiving any compensation from any company referenced in the Content. 244 Fifth Avenue Suite F236 New York NY 10001 USA [Unsubscribe]( | [Change Subscriber Options](