SPY Short: 2/28/2023

28 thg 2, 2023

Short on SPY following pre-Market overnight gap upwards towards 399.02.

Continuation of moderate bearish trend with a realistic take profit(s): T1 - 398.22; T2 - 396.77; T3 - 396.6.

Put Options between open price (399.02) towards 399.45 with potential to average down cost (0-1 DTE); StopLoss set around 401.37 (consider adjusting StopLoss or Rolling as appropriate).

1 thg 3, 2023

Ghi chú

Opened Puts when price touched 398, then averaged down costs with doubling lot size around 398.5 for strike $397 on 3/2/2023.

Sold half lot at small loss - sold remainder for smaller than desired profit when price receded to 398.

Opened & closed Call Credit Spread 399/402 for 30% profit; CCS 400/403 expiry 3/2/23 opened on 2/28 & holding while ITM.