The Easiest Short is Right in Front of you....

Loaded up heavy on puts here at 423 and at the break of 424. I have both the October and November puts with ITM and OTM strikes. This is a really easy trade. We have 7 or 8 gaps under us. This rally is artificial. For this trade to be successful you need to be confident in holding for a month. Don't get shaken out!

There is a possibility of breaking 430 but it would only make me even more bearish than I already am.

Comment:

I just want to post an update that there's a strong possibility we will wick into the 430s within the next two weeks based on the 427 close on Friday. I'm expecting the low 430s to be the cap of this move. My average is around 423.5 so I'm slightly red but not worried at all since my expiration is far out and I'm swinging this a long way down. If you still haven't went in short, between 425-435 is a great entry.

Trade closed: target reached:

I am going to go ahead and close this idea out early since it's obvious now that we will hit my target in this idea of 400 as I predicted. I will sell my puts at 400 that I've had since 423 to make this a great swing trade.