@sanjaysethi, I could have played short term puts but I had other plays XD. That was a clean trend break. BIG $$ on put side.
sanjaysethi
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@WaveAzzReaderz, have 131/129 bill put spread expiring tomorrow. May roll out for 6-8 weeks at same strikes and then quickly buy back the 131 short and keep the 129 long put....and hopefully downward trend continues.
I think it would have to be a quick move up. It really looks like it could roll over a bit and go sideways for quite a while before resuming the climb.