SPDR S&P 500 (SPY)

[DowDeva]

I started trading the SPY again recently and remembered almost within two weeks why I stopped trading it. I have gone back to individual vehicles with good beta for day and swing trading.

In my view the SPY/SPX/ES really is for option Geeks and wizards like NN, who have a really good grasp of strangles, straddles, delta, gamma, etc. No offense to anyone here who trades it well who's not an options Geek.

I do think there is a decline on the SPY coming very soon, maybe September (why not do the obvious?) and I would like to take advantage of it.

I believe the following is one of the reasons it hasn't gone down yet:

https://schrts.co/bEMMcJQt


Best of luck to you, Etalors.

~d

Ps: I speet on da' SPY!