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SPX 30NOV BEAR TRAP

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    Igor
    Keymaster

    SPX at 3650

    I’m going to set up a Bear Trap with 54DTE.

    This trade involves selling OTM puts naked, which has a high degree of risk.

    I am buying a 10 point wide put debit spread and I am selling an OTM put naked to finance this purchase.

    I plan on adjusting this position’s NET delta IF/WHEN we get into the trap. Trap being between my long put debit spread and a short naked put.

    Risk Profile:

    Order Ticket:

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