Spy is pushing up hard to start the day. I'm bearish on this as it should come back down.
Resistance at $438.25
Play: Spy 8/25/2023 $425 Put for $.38
Resistance at $438.25
Play: Spy 8/25/2023 $425 Put for $.38
Comment:
My average on this SPY TOD (Trade Of the Day) is $.36. The volatility is good, but the market is not making a decision on a direction. Still bearish overall, but looking for an exit.
Comment:
OK! We're out of this trade @ $.45! for 25%!
THat played out better than I expected with a hard drop below the low of the day. Market may continue down, but we'll take the money and run!
THat played out better than I expected with a hard drop below the low of the day. Market may continue down, but we'll take the money and run!