Here are the morning SPY ETF trade notes for Wed Jan 2 2019 before markets open.
Opening futures show the S&P will tumble at the open. That could change closer to the option.
Make sure to review all the comments and the support and resistance levels as I will be using those levels on Wednesday to watch for trades to develop.
Remember to take profits as they appear since markets are very volatile and profits can disappear quickly. Stay with option strikes that have plenty of volume. If taking a loss keep it small.
Not all strategies are suitable for all investors. Trading the SPY ETF intraday can be difficult and end with losses. Make sure to paper trade to learn the strategy and determine its suitability for use, before risking actual capital.
This Spy ETF trade article is for FullyInformed Members.
Spy Put Options Internal Links
Review Prior SPY ETF Hedge Trade Summaries: