SPX tests Jan 2018 high - BTFD - SELL PUTS (naked)
An overdue relief rally has stalled precisely at 2875, the January 2018 top. The VIX is high considering the steepness of the rally. Pick a headline, I don't care what, but ES call premiums are fat, so with no buy catalyst, if we go up, it's a melt up and you should have more time to let it play out going up rather than down. Or if you're that greedy, buy calls.
If we get the sell-off, SELL PUTS near the 10% retracement because we want time-decay (theta) to work in our favor because if the sell-off is legitimate, we're not going to get a sharp V shaped retracement.
Can either trade this through
SPY ETF, E-mini, or spooz. If we do get the sell off, I'll be looking at what is oversold (large cap vs. small) and (growth vs. value).
Disclaimer: This is my own personal view and does not reflect the views of any other person or entity. You should not treat my personal opinion expressed by me as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of my opinion. If you are interested, consider seeking advice from your own financial or investment adviser.
If we get the sell-off, SELL PUTS near the 10% retracement because we want time-decay (theta) to work in our favor because if the sell-off is legitimate, we're not going to get a sharp V shaped retracement.
Can either trade this through
SPY ETF, E-mini, or spooz. If we do get the sell off, I'll be looking at what is oversold (large cap vs. small) and (growth vs. value).Disclaimer: This is my own personal view and does not reflect the views of any other person or entity. You should not treat my personal opinion expressed by me as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of my opinion. If you are interested, consider seeking advice from your own financial or investment adviser.
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