SPDR S&P 500 (SPY)

[NickXIV]

Entering GS Apr. 21st 225.00 P's 14.15 each,

Regardless on a bearish or bullish outlook on the market I feel that we'll see it cool off down to 204 way before expiration, then will exit the puts and create a spread once the retracement shows signs of slowing down, really would prefer it to hit the 195-205 zone to exit though and turn a decent profit... Let's find out