Replies to post #60541 on Options Wonderland

[whereismyorange]

Yea, but that is the weekly that expires on friday ... Too far out for me!

I did get into the aapl 140 weekly put mid day (only a few). Any move up will kill my position. Apple performed quite well today =(

I also picked up some V puts in anticipation of a break down of 69.0. I don't usually sell support, but the descending triangle with lower highs is obvious

[Fox13]

The conditions for holding SPY puts over night were met on close: price under the EMA Ribbon and fallen under the regression channel. After it touched the EMA (233) in the afternoon (on a short lived correction) SPY had only one direction: down. Also, FRAMA crossed the EMA Ribbon, going South and the price broke down through the 6/8 Murrey Math support level.

Good luck to all the brave puts holders!