Prepared for S&P500 correction with Buying PUT option

21 thg 6, 2021

I've closed every other position, staying in cash and

playing for SPX correction because:

1/ SP500 RSI falling down

2/ Strong trendline broken

3/ Selling Volume increased

My strategy is simple:
BUY SPY Jun30' 415 PUT for 3.85db, because VIX is realive low

SIZING: only a little of my CAP is used for this binary play.

Stop/my risk management: Closing immediately if daily candle is closing ABOVE the box, max loss in my calculations in this case could be 50% of position.

Take profit strategy: selling about ~38cr (x10).

Of course I'll not wait until expiry...!


If you liked this article, check my other ideas.

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24 thg 6, 2021

Đóng lệnh: dừng lỗ

Closed obviously.
The nature of these hedging doesn't matter the loss, because next time the single put option's profit will absolutely cover it.