MrNeutral

SPY gap closing faster than I can write this

AMEX:SPY   SPDR S&P 500
104 1 5
I plan to sell a Bear Call Spread if the upward move closes the gap at around 207.80, then depending on the speed of the decent I will sell a Bull Put Spread if drops past 205. I will probably do a directional trade on the way down also but that depends on premiums at the time.
Comment: Didn't expect this fast of an up then down. I may still sell a Bull Put Spread if it goes down to 205.50 area to create my Iron Condor, but am nervous about a larger then expected drop. Good luck all.
I just sold my Bull Put Spread down at 1950-1920 (SPX). So I ended up with an Iron Condor for June 24th 2170-2140, 1950-1920. Now I am hoping for a slight rebound and then sideways.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out