A simply trade. Watch should JPM fail $66.50 for a day trade for a $1 drop. I would however take next week's $66 puts for this one to allow an over night hold if needed
Watch for FB to fail $103.87 for an entry in $102 puts giving yourself at least 2 weeks until the expiration simply due to probability of continuation below initial target. Any price above $104.17 becomes your stop with first target at $102.
Simply taken from technical analysis, the SPY is setting up a very simply short trade. There are a couple ways to take this trade but the basis points of them are the same. At a price below $205.51 enter SPY 1/15/2016 $202 puts. For highest probability look first for $204.67 failure so that you at least have a $1 move probability in the gap fill. Watch for the gap...
