SPY has been up six days in a row, getting overbought on every metric. VIX approaching all time lows, so options are uber cheap.
Taking a counter trend bearish put position
TRADE IDEA
Buy to open SPY October 252.50 puts @ $1.40
These expire 10/20/17
SPY has been up six days in a row, getting overbought on every metric. VIX approaching all time lows, so options are uber cheap.
Taking a counter trend bearish put position
TRADE IDEA
Buy to open SPY October 252.50 puts @ $1.40
These expire 10/20/17