Call it a hunch, but I decided to short the SPX with SPY puts this morning. February $266 strike. Market is overbought on all timeframes. Today's gap up is producing something of a H&S pattern so I thought I'd take a shot. Above $2700, I will most likely abort the trade.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.