TradingView
TopgOptions
Nov 20, 2022 11:53 PM

SPY S&P 500 ETF Bearish Flag Short

SPDR S&P 500 ETF TRUSTArca

Description

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.



Comments
abigreen
Bull flag on 15-1h
TheKitchenTrader
I like this. Curious if they do one more bull push before the drop?
More