SPY weekly bull put spread Long

SPDR S&P 500 ETF TRUSTArca

Description

⋅ Aug 5, 2015 5:01 PM

Hourly chart looks like a double bottom. This spread is below the 200 SMA on the daily. I like 208/207 also BUT prem is VERY high... could be a sign.

Comments

Reallifetrading

⋅ Aug 7, 2015 1:38 PM

Potential exit on SPY. One could wait for the 200 SMA as well on the daily.. it might get close..

mcarithe

⋅ Aug 5, 2015 5:45 PM

Awesome already had a lingering IC with some shorts at 207 expiring this week. Let's hope this analysis holds :)

Reallifetrading

⋅ Aug 5, 2015 5:46 PM

Indeed! : )