SPY is unstoppable, for whatever reason it may be. However, a major resistance level has been reached, and one might try their luck at shorting spy here.
No directional trades, options only. Be careful and measure your risk reward.
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Wish you all best of luck in your trading!
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The rally will most likely continue, but it is unsustainable, those buybacks have limits , and those who are swing long, will have to take profit soon, not to be the last ones to do so. So, having put options at the identified levels, even if the market goes higher is a good idea.Will say it again: this is an options trade, do not just short the spy....
I entered into June 19 280 puts on Tuesday AM ...i got burnt in the last hour today..didn't expect that. I see your hypothesis and thanks for sharing!
ProSignalsFx
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@OptionTrends,sorry for your loss, and thank you, appreciate! and yes, these trades are semi long term idea based, so if buying puts, one must see the premium as a throw away sum. Just buy and hold till win, or expiration, i guess.