Short on SPY for a month
SPY has been trading between range of 213.55 to 189.
It looks like it is consolidating and lower high was formed recently after the FED announce the interest rate to be hike by 25 basis point.
In the short term, about a month, can short SPY until it reaches 189.
Or can trade credit spread in the options by
selling 213 Jan 16 and buying 214 Jan 16.
And
selling 188 Jan 16 and buying 189 Jan 16.
It looks like it is consolidating and lower high was formed recently after the FED announce the interest rate to be hike by 25 basis point.
In the short term, about a month, can short SPY until it reaches 189.
Or can trade credit spread in the options by
selling 213 Jan 16 and buying 214 Jan 16.
And
selling 188 Jan 16 and buying 189 Jan 16.
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