SPY Short down towards 391.7-393 2/28-3/1
Updated
Continued downtrend on SPY to fill the next gap around 391.7-393 between 2/28-3/01.
Call Cred Spread opened (+100) for 395/397 expiring 3/01/23.
Close at +50-65% profit; close OR roll if SPY increases towards 398.
Continued downtrend via inflationary news.
Call Cred Spread opened (+100) for 395/397 expiring 3/01/23.
Close at +50-65% profit; close OR roll if SPY increases towards 398.
Continued downtrend via inflationary news.
Note
Rolled a credit from from 395/397 for 3/1/2023 to 400/403 for 3/2/23 based on the Monday 2/27/23 opening gap increase; still maintain slightly bearish weekly activity and/or SPY to price between 391.7-393 by 3/2/2023
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