Vertical SPY PUT Short 2021

31 thg 12, 2020

Opened SPY Vertical Put Spread for $0.14 and expires on March 31, 2021. 85 SPY Put Buy at 271 and 85 SPY Put Sell at 266. Max gain is $41,310 and Max loss is $1,190. All the evictions pending, restriction of movement from state to state, election uncertainty, potential conflict in the Middle East against Iran since the 1 year anniversary of Qassem Soleimani and the Yearly sell off.

1 thg 1, 2021

Ghi chú

SPY on the Monthly Demark is a green 7. I may be too early and should have waited for a green 9. 2020 correction started on a Monthly green 5 so let's see.

1 thg 1, 2021

Ghi chú

Retracement to the 200 day Moving average (Orange) is about $286 and hope it blows past it if it is time to correct.

1 thg 1, 2021

Ghi chú

Retracement to the 50 day Moving average (White) is about $331. I will close if we dont go below and bounce off when we reach it. It has to accelerate like 2020 correction.

1 thg 1, 2021

Ghi chú

I am at least exposed to the U.S. Stock Market, Bearish Position, so I can continue accumalating Bitcoin which continues to head higher.

29 thg 1, 2021

Ghi chú

Very interesting week, Wallstreetbets really screwed the hedgefunds at their own game. I am looking forward for earnings season to end and hope the market comes down with all the news of depression and uncertainty.

14 thg 2, 2021

Ghi chú

Position is now worth $0.02 NAT or $170 dollars if I wanted to get out now during market hours. Opened a new position short. Will post later the position.

14 thg 2, 2021

Ghi chú

New position. Bought 1 Put expiring on Jun 18 2021, 124 days till expiration, at strike price $388. Breakeven is at $370 on expiration. Max loss $1,800. Readjustment of breakeven to $358.10 for including max loss on previous trade, 85 SPY Put Buy at 271 and 85 SPY Put Sell at 266 for $0.14 and expires on March 31, 2021 which was max loss of $1,190.