During the day on Tue Aug 29 2017 I bought spy puts as the market moved higher. I expected the market to try to reach 2450, fail and pullback into the close to end the day negative. Instead the S&P spent much of the day climbing from the morning low and not taking another dip. The S&P closed just off the day’s high and I was left holding losses on my Spy Trade.
Here is the background to the trade, how I entered and how it is being handled into Wednesday and if needed, into Thursday.
This article shows how I work to try to turn a losing Spy ETF trade from losses back to profits.
This Spy ETF trade discussion is for FullyInformed Members.
Spy Put Options Internal Links
Review Prior SPY ETF Hedge Trade Summaries: