Replies to post #189180 on SPDR S&P 500 (SPY)

[Mma20]

I think we can test 201 Tom .. But if we fall we falling hard .. And maybe around 197 id buy the dip if it holds

[USDollar]

I'm wondering if the "two days" is an average for bailing out or just disciplined traders.

If a lot bailed by the same two day pain threshold then we should get the spy dump

No one likes being hostage in a trade for too long some less than others

[imiloa]

sad to hear you bailed at a loss
but honestly, it seems the right move.

puts usually lose at least half their premium in theta into expiry day.
so if we open at this level and then do start to drop
you could reload for the scalp.
or better still, just get mar11 puts on any strength tmrw.

tho, with 204 gap still looming
that might be foolish, too?

fwiw, i held my puts overnight,
but only because they were effectively worthless at close.
was hoping for an EOD selloff
or at least and AH selloff...
but no such luck.

[GlassCrasher]

Good discipline to cut your losses.