Trade #2, SPY
@205.5 (-1.33%)
Gapped open lower, closed the gap then went even lower. Currently at lowest area of the candle.
This is a strong bearish move so decided to get on the call side.
sold 57 DTE Oct calls 212/217 for 1.08.
Could have done 213/218 for .88, but decided to take the extra risk for higher premium. Don't think it will reach 212 soon.
Am waiting for drop to 204 to add another put side
Gapped open lower, closed the gap then went even lower. Currently at lowest area of the candle.
This is a strong bearish move so decided to get on the call side.
sold 57 DTE Oct calls 212/217 for 1.08.
Could have done 213/218 for .88, but decided to take the extra risk for higher premium. Don't think it will reach 212 soon.
Am waiting for drop to 204 to add another put side
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Disclaimer
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.