SPY- Open Put Options to Hedge Long Stocks SHORT

AwesomeAvani Updated   
SPY on the 15-minute chart seems to have hit a pivot high. With a variety of long positions,

I need some insurance against a bull trap or even a black swan event in geopolitics. It seems

SPY puts would fulfill the purpose. Out of the money below the current price seems

opportunistic. Accordingly, I will take a handful of put options that expire at the mid- March

monthly 1% below current price. If the market is healthy these will drop in value especially

with time decay. They will serve as insurance. On the other hand if the market gets a cold

or worse a bad case of COVID, these will partially offset any losses while managing positions.

Trade active:
SPY puts bought at the high of the morning. Price fell into the 495 and tried to bounce up and at least stalled the trend down. Fed news Wednesday upcoming expect increased volatility.


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