Still anticipating ranging markets. Opened a couple Bear/Credit Call Spread at $211/$216. I'm using a $5 spread because the R/R is better than $10 spread.
Credit = $2.25 (net $2.14) Break even = $213.14 August Expiration*
* I likely will not hold on till expiration. I would use a SPY price drop to take profits and remove the risk.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.