Synaptic724

SH drop on SPY bounce

AMEX:SH   ProShares Short S&P500
SPY will bounce so far early bullish engulfing printed. Let's see if there is continuation and see if this buying holds. The first bounce is always strongest.

Bought a Put $2 Strike $34 Exp Jan 18. Price target $31. Payout $100. Stop loss $33 if price levels continue higher I will take off trade for as little of a loss as possible.

Delta -71

High probability trade, Low Risk.
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