SPDR S&P 500 (SPY)

[Perseverance71]

Bought 200 contracts of June 17th $170.00P for $6.85, $137,000 position.

Rationale: We are now in a bear market, chart is pointing down, all oversold bounces on the daily are getting viciously sold off, the economy is crumbling. It's rational to assume 180's don't hold in the next few weeks. These intraday swings have become random and unpredictable, a very hostile environment for daytrading. I'm red YTD, and have been losing money on these random intraday moves, so I'm gonna just sit tight on this position and not trade intraday. GLTA.