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SPX 04FEB BEAR TRAP

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This topic contains 2 replies, has 1 voice, and was last updated by  Igor 4 years, 2 months ago.

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  • Author
    Posts
  • #18652

    Igor
    Keymaster

    SPX at 4663

    I’m setting up a Bear Trap with 24 days until expiration.

    I’m buying 4620/4610 PUT DEBIT SPREAD and I’m selling 4350/4300 PUT CREDIT SPREAD

    This trade has no risk to the upside. I will stop out of this trade IF/WHEN SPX breaks below 4350

    Risk Profile:

    Order Ticket:

    #18654

    Igor
    Keymaster

    SPX at 4724

    I did not get a fill for this trade and now I am going to modify it a bit and try again.

    I am moving my short put spread up to 4425/4375 and leaving the long put spread at 4620/4610

    This trade is currently going for about 1.00 credit

    Order Ticket:

    Risk Profile:

    #18688

    Igor
    Keymaster

    SPX at 4401

    I’m going to stop out here

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