SPY Bearish Flag | Put Options

٤ ديسمبر ٢٠٢٢

After the Midterm Elections price target was reached:

Now the S&P 500 Etf SPY is ready for a breakdown from the Bearish Flag Chart Pattern highs.
In the light of recent unemployment data reports, i would buy the $387 Puts expiring 2023-1-20 for $4.89 Premium.

Looking forward to read your opinion about it.