Options_Trading

SPY not getting above the 200MA; BAIL on longs; Buy some puts

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
I think the market is mostly waiting for AAPL earning, which come out after the bell. Whether they gab up or down, I think selling will come in. And by selling I mean, "Man overboard". 400 price level on the SPY will be an easy target. Good luck.

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