spy short strike

SPDR S&P 500 ETF TRUSTArca

Description

⋅ Jun 3, 2016 4:34 PM

Based on hourly chart and this morning's pullback, support is around 208 flat. Therefore a short strike of spy Jun16 205.5p for a put credit spread with 14 days to expiration is feasible for a trader that already established a credit call spread.