Here’s a perfect example of a well timed Afternoon Breakout trade in the S&P500 Index security, SPX. As you can see the new Hedge Fund Breakout indicator gives us a “Buy” signal 5 minutes before 2PM and just prior to the break of the morning high. It breaks out higher for a $10 run in the next 60 minutes. If you traded this with at Delta 60 Call option, you’d be looking at a minimum $600 per contract profit.