Short rallies to 274.xx

٧ أغسطس ٢٠١٩

SPY Selling not done. Buying puts into any "strength" shown daily until we get back into the 274's zone. Just not enough oomph behind earnings to power this thing higher right now, and rate cuts are already baked in.

٨ أغسطس ٢٠١٩

تم فتح الصفقة

Now. Bought puts at SPY 292.50, the retrace to lost support. Looking now for 274's. GLTA!!

٩ أغسطس ٢٠١٩

تم فتح الصفقة

Gains, gains, gains baby. Trailing with stop loss to lock in just in case it reverses. But in my opinion we are destined for 274's, then very quite possibly much much lower by early 2020.