WELL.... I DID SHORT SPY IN THE $460-470 RANGE IN LATE 2021 AND EXERCISED MY JUNE, 2022 $500 PUTS AT $363 JUST BEFORE EXPIRY AND MY DECEMBER, 2022 $500 PUTS AT $348 ON OCTOBER 13TH, 2022 WHEN SPY GAPPED DOWN $9!!!!!!!!!
ALSO, I DUMPED ALL OF MY MARCH, 2023 PUTS ON MARCH 13, 2023 WHEN SPY GAPPED DOWN TO $380!!!!!!!
3 SPY LOWS AND YES.... I DID NAIL THEM ALL!!!!!!!!!!!!
I DIDN'T PICK THOSE DATES.... THE MARKET DID WITH THOSE LARGE GAP DOWNS.... AND IT WOULD HAVE BEEN INSANE NOT TO TAKE THOSE PROFITS WHEN AVAILABLE!!!!!!!