TopgOptions

SPY Bearish Flag | Put Options

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
After the Midterm Elections price target was reached:

Now the S&P 500 Etf SPY is ready for a breakdown from the Bearish Flag Chart Pattern highs.
In the light of recent unemployment data reports, i would buy the $387 Puts expiring 2023-1-20 for $4.89 Premium.

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.