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$SPDR S&P 500 ETF (SPY.US)$ get your puts this is coming bac...
$SPDR S&P 500 ETF (SPY.US)$ get your puts this is coming back to earth before end of day
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Fedtrader_20 : have them and I hope so
Bruski2023 Fedtrader_20 : Watch it break down just enough so you feel confident and slam right back up…market wants to close the week on a high note…470.50 breaks and we probably see 471+ before close
Kube Bruski2023 : I got a starter position with a couple of puts but I am waiting for this same exact thing right now. If SPY breaks out, we likely trend up for the day and that will be a better price to buy puts.
Edit: dang, it literally dropped a dollar as I typed that LOL
Bruski2023 Kube : Sure did lol! I scooped a amd 140p’s for .35 right before the dump! GL
Bruski2023 Kube : Sold for .65 quick $150 now I wait for my afternoon move
Kube Bruski2023 : I'm holding this as a swing trade for a bigger move. I believe we're going into a larger mark down on the SPY based off of the Wykoff phases. This rally earlier may be the last attempt to advance up. The key level I am watching is basically the premarket low today. We need to break that area to begin the "real" selling. Otherwise I'll just exit my puts there if it is going to bounce off it like we did today and wait to get back in.
Bruski2023 Kube : Looks like a nice sell off here, should have some great profits!