How To Read Trade Alerts

All trades that are published in the Alerts channel should have the same or very similar structure.

We are going to break down the structure and help everyone understand how to read them.

Here’s what a typical Call Out or Trade Alert looks like:

Here’s what this means:
1. Buy To Open or Sell To Close – indicates if the position is being bought or sold and whether it is an opening transaction or a closing transaction
2. $ sing with a ticker – indicates which asset or underlying security is being traded
3. Expiration Date – indicates which expiration is being used for the transaction
4. Strike Price(s) – indicates which strikes are being used as part of the trade
5. MID price – indicates the price between the BID and ASK at the time of the alert

The above Alert should be read as:

Buying To Open a position in $SPY for the expiration of 27th of May, buying 297/300 call spread where the current market price is 0.93 debit.