Description
⋅ SPY @207.68 (-1.08% move so far)
Sold OCT put spread 199/194 for .86 58 DTE
I am treating this mornings move as an overreaction, taking the opportunity to place a trade farther out of the money with 199 strike.
I shouldn't have any concerns until SPY reaches 199.
If SPY reaches 204, I will enter another long position