SPDR S&P 500 (SPY)

[NetNeutral]

Ok, had a good week posting 108.00 in gains but our 267 6/8 puts r looking suspect and may expire, well, Worthless!!??


Spy closed above the R2(273.17), and has issued a Buy Signal as it also closed above the COTrend line which ended at 272.01 on Friday!

In addition, Spy is also a couple bucks above the JunOE Pivot(271.33) which is also bullish??

That said, we're gonna post one of the Kewl-ish Charts, well, EVER, which shows the relationship to SPY vs QQQ and eye think you'll like it, LOL...

We go into Monday 100% short with our 6/8 267 puts but will likely have to fade said position with calls if Spy can manage to post a new ST HOD, currently at 274.25(5/22)???

Good trades ALL...


6/8
267 putts at 0.75, Short(Q x 16)


6/1
270 putts at 0.75, Short(Q x 8), Sold at 2.75, 64.00 gain(Q x 8)

272 calls at 0.75, Long(Q x 4), Sold at 1.50, 12.00 gain(Q x 4)

5/30
272 putts at 0.98, Short(Q x 4), Sold at 2.08, 32.00 gain(Q x 4)


Wk ending 6/1, 108.00 gain