SPY ( Put Spread )

By WillNixTrading
Updated
Whats up Traders -

Got a free options trade for YA - sure to please.

God speed - simple and too the point, explanation and details are on the chart.
Comment
I like the put spread here. I see a limited reward in all liklihood (at least in the short term) so it is a nice way to pick up shorts here at a discounted price
Trade closed: target reached
This is an example of just how lucky you can get as a trader. it went perfectly.

If we could pick them this well every day, we would be able to take over the world.
Chart PatternsTechnical IndicatorsputputspreadshortSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) Trend Analysiswilln12416
WillNixTrading

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