SPY Trade of the Day
Spy is pushing up hard to start the day. I'm bearish on this as it should come back down.
Resistance at $438.25
Play: Spy 8/25/2023 $425 Put for $.38
Resistance at $438.25
Play: Spy 8/25/2023 $425 Put for $.38
Nota
My average on this SPY TOD (Trade Of the Day) is $.36. The volatility is good, but the market is not making a decision on a direction. Still bearish overall, but looking for an exit.Nota
OK! We're out of this trade @ $.45! for 25%!THat played out better than I expected with a hard drop below the low of the day. Market may continue down, but we'll take the money and run!
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