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  • SPY puts

    die market die (copyright Sanlmar)

    SPY puts $334 for Aug 21 for $4 purchased today.


  • #2
    honestly, seems reasonable.

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    • #3
      sold those for 10% profit previously. Bought some more today. Am worried.

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      • #4
        its such a weird market to bet against and the fact that it shouldnt be turns this into something of conundrum.

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        • #5
          Bought for 4.05 sold all for 4.75. SPY 337 puts for 8/24. Not a bad day afterall.

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          • #6
            and LOL it's sitting at 5.69 should have held.

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            • #7
              rebought some at 4.5 sold at 5.69. Now sitting @ 7.00 whoops!

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              • #8

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                • #9
                  about to lose most of the previous profits on puts today. BRRRRRRRRRRRRRRRRRR goes the printer.

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                  • #10
                    i mean, look at what you were up against: Click image for larger version

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                    • #11
                      Click image for larger version

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ID:	2309 i think we're probably knocking on the door of the next 9 point drop. /ES looks like its doing a thing.

                      note that the 3 day spy options pay off 8-1 while the weeklies pay off like 2.5-1.

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                      • #12
                        further strengthening my thesis is that i entered into a wealth of long positions late friday.

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                        • #13
                          strike that, reverse it


                          BREAKING: President Trump holding press conference tomorrow on ‘major therapeutic’ breakthrough, concerning #COVID19

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                          • #14
                            also i love how hes doing the announcement literally the minute futures open at 6pm tomorrow, thats just absolutely breath taking.

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                            • #15
                              Glad I bounced out of grabbing puts each week. I'll resume at some point, but I don't want my head blown off.....

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