Yesterday saw some terrific returns in the Spy Put Options. For those not following the twitter feed, there have been three spy put trades this morning and one remains ongoing as the market direction breaks through 1930 this morning.
With 1930 gone, the next level of support is down at 1900 and then 1870. That will mark a correction and not a pullback for the SPX. This is why last week I discussed rolling down covered calls on core holdings and closing those naked puts that were too close to at the money and either moving lower or taking on smaller positions.
This is a strrategy look at the SPX this morning and how I am continuing to hedge my entire portfolio through the SPY Put Options.
Here is the second Spy Put Trade for today. You can see in the trade that there were a number of possible entry and exit points for investors to have considered and done according to the strategy, there would have been no losses with any of the entry and exit points today.
SPY PUT Trade Alerts for Oct 8 2014
This FullyInformed USA Members Strategy Analysis of the SPY PUT Strategy trade can be directly accessed through this link or USA Members can login here. Non-members can join here or read about the benefits of a membership.
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
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