JLJ002500
Short

SPY, Short @ $211 w/ Call Credit Spread

AMEX:SPY   SPDR S&P 500
Still anticipating ranging markets. Opened a couple Bear/Credit Call Spread at $211/$216. I'm using a $5 spread because the R/R is better than $10 spread.

Credit = $2.25 (net $2.14)
Break even = $213.14
August Expiration*

* I likely will not hold on till expiration. I would use a SPY             price drop to take profits and remove the risk.

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