TopgOptions

SPY S&P 500 ETF Bearish Flag

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
If you haven`t noticed, our Midterm Elections price target was reached:

Now besides the technical bearish flag chart pattern, if i look at the SPY S&P 500 ETF options chain, i would buy the $376 strike price Puts with
2023-1-20 expiration date for about
$7.56 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.

Looking forward to read your opinion about it.




Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.