SPDR S&P 500 (SPY): I think so too...I reduced my puts on th...

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Re: spartex post# 262045

Thursday, 05/03/2018 12:39:00 PM

Thursday, May 03, 2018 12:39:00 PM

I think so too...I reduced my puts on the last dip to 50%, and added 261-265 calls. Anything positive out of China, and we'll sell 267+ within a couple of hours IMO.

That said, the S&P is under it's SMA 200 (2614.94) which is clearly HEAVY resistance, for now...and it just broke through...lol!

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