Replies to post #55716 on SPDR S&P 500 (SPY)

[blasher]

You should have Bought the Puts this afternoon when I warned of the move Down.
It might fill, but it might be too slow to make any money on those Puts.
The trick to scalp with Options is to get In on an extreme move opposite your desired direction and then get Out on an extreme move in your desired direction.
If it slowly fills and then slowly declines, you will lose all of the money you spend on the July option.
Trade August options on the trend you think there will be next week ...
buy them on an extreme move opposite your desired direction.
The Market will trend North one these days soon ...
I'd hate for it to be right after you buy those Puts on a Gap fill.
Good Luck !!!