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SPY at 412.33
I’m going to pick up a put spread with 38 days until expiration. I am risking 3.50 to make upto 6.50 with 50% probability of profit.
Risk Profile:
Order Ticket:
BTO $SPY 18JUN 415/405 PUT SPREAD MID 3.55 DEBIT
SPY at 407.41
I’m going to take this put spread off and look for a new set up on a bounce.
Order Ticket
STC $SPY 18JUN 415/405 PUT SPREAD MID 4.27 CREDIT
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