Daniel Urdaneta
Short

Short SPY: Offer US Equities on China Deval scare

AMEX:SPY   SPDR S&P 500 ETF
SPY             action has been getting pretty choppy as of late, with lots of intraday volatility and monstrous o/n gaps. I want to play it like this (There can be NO gap over 210.85 after the CNY             deval thing in China that is causing some jitters in the Asia session; that's part of the rationale on shorting this, which would otherwise look pretty appealing for a Long):

Sell short XXXX SPY             limit 210.85

Sell short XXXX SPY             limit 209.99

Buy to cover XXXXX SPY             limits 207.90 / 205.40 / 204.60 (1/3rd each).

A bit conservative to get back into the game. Let's see how it goes!
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out