$SPY #Options – #DayTrading Puts for a 28% gain late

The SPY 315 put, expiring Wednesday, triggered two trades today, one early and one late.

Tweeted the first trade entry at and exit 2.77 as it stopped out at breakeven after a tiny bounce. From then on the SPY hugged its doji open line virtually all day before signalling another buy on the 215 put for the final hour’s flush down and a 28% at the close.

Not much more to say except it was a pretty boring sideways day after the opening gap.

See the chart below.

(click on the chart for a larger view)

Leave a Reply