Example trade alert

Morning alert

SPY MON SEPT 22 Trading SPY Options Newsletter

If SPY breaks out ABOVE 662.30

buy the SPY MON SEPT 22 662 CALL

Close position using available tools 

like trailing stops and sell limit orders.

Close at the end of the day if still open.

 If SPY breaks out BELOW 661.70

buy the SPY MON SEPT 22 662 PUT 

Close position using available tools 

like trailing stops and sell limit orders.

Close at the end of the day if still open

Confirm entry with a 3 or 5 minute candle close

across the trigger line.

++++++++++++++++++++++++++++++++++++

Step-by-step walkthrough of how to place a SPY 0DTE (same-day expiry) options trade — first buying the contract, and then either:

1. Selling it manually, or

2. Setting up a sell limit order to automatically take profit at +50%.
   
   

Here’s how it looks in most brokers (think TOS, E*TRADE, IBKR, or Webull — the field names are similar across platforms):

Step 1: Open the Option Chain

• Under Ticker/Symbol: enter SPY

• Choose Today’s expiration (since it’s 0DTE).

• Select whether you want a Call (bullish) or a Put (bearish). CALL

• Pick a strike price near where SPY is trading (ATM or slightly OTM is common for day trades).662

Step 2: Place the Buy Order

Order Entry Fields to Fill:

Symbol: SPY MON SEP 22 662 CALL

Action: Buy to Open
Quantity: 1 (or however many contracts)
Order Type: Market (fast fill)
Limit Price: NA
Time in Force: DAY (it will expire at end of session anyway since it’s 0DTE)

Example:

Symbol: SPY MON SEP 22 662 CALL

Action: Buy to Open

Quantity: 1

Order Type: Market($1.00 For this example)

Limit Price: NA

Time in Force: DAY

Step 3A: Manual Sell Later

When ready to exit manually:

Action: Sell to Close
Quantity: Same # of contracts you bought
Order Type: Market (for instant exit) or Limit (to set your desired price)

Example exit if option rose from $1.00 to $1.50:

Symbol: SPY MON SEP 22 662 CALL

Action: Sell to Close

Quantity: 1

Order Type: Limit

Limit Price: 1.50

Time in Force: DAY

Step 3B: Automatic 50% Profit Sell Limit

Right after entering your buy order, you can place a sell limit order at 50% higher than your entry price.

If you paid $1.00 ($100 per contract), your sell limit would be $1.50.

Example:

Symbol: SPY MON SEP 22 662 CALL

Action: Sell to Close

Quantity: 1

Order Type: Limit

Limit Price: 1.50

Time in Force: DAY

(Some brokers also let you do this in bracket/OCO orders, where you set both a take profit and stop loss automatically.)

Complete Sample Flow (Buy + Auto 50% TP)

Buy to Open

Symbol: SPY MON SEP 22 662 CALL

Action: Buy to Open

Quantity: 1

Order Type: Market($1.00 For this example)

Limit Price: NA

Time in Force: DAY

Sell to Close (Take Profit Order)

Symbol: SPY MON SEP 22 662 CALL

Action: Sell to Close

Quantity: 1

Order Type: Limit

Limit Price: 1.50

Time in Force: DAY

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