SPY action has been getting pretty choppy as of late, with lots of intraday volatility and monstrous o/n gaps. I want to play it like this (There can be NO gap over 210.85 after the CNY deval thing in China that is causing some jitters in the Asia session; that's part of the rationale on shorting this, which would otherwise look pretty appealing for a Long):
Sell short XXXX SPY limit 210.85
Sell short XXXX SPY limit 209.99
Buy to cover XXXXX SPY limits 207.90 / 205.40 / 204.60 (1/3rd each).
A bit conservative to get back into the game. Let's see how it goes!
Sell short XXXX SPY limit 210.85
Sell short XXXX SPY limit 209.99
Buy to cover XXXXX SPY limits 207.90 / 205.40 / 204.60 (1/3rd each).
A bit conservative to get back into the game. Let's see how it goes!
