Short

SPY short trade setup

Updated

We have reached the top of the formation on the chart and is the area I have been looking at for retrace, so added a bit of short puts for a possible swing short next week.

Note

Today's buy is very low risk longer term gamble. As a swing this is not a triggered trade and will post when it is.

Note

I put about 50% chance this trade even triggers. The puts I bought will be worthless, will look on Monday if i can create a spread to get a little back.
This market is very back and forth so don't just want to close. But unless something changes will not commit more $ to this.

Order cancelled

Will reset idea when I see it being possible again.

alleytrader

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