In reference to the recent post I made regarding the Put/Call ratio sell warning for the S&P 500, my option limit order did not fill on Friday and I have decided to change the order to a limit order to buy the Feb 20th SPY 210 put for 3.65.
So the strike price is changed as well as the limit order.
This is based off SPY rising $2.00 (or almost 1%) further from current levels before topping. Even the most skewed negative future returns after these signals have seen brief 1-2% rises before peaking prior to a meaningful pullback.
The exit order would be to sell at a limit of 8.00.
Subscribe to:
Post Comments (Atom)
Chana January contract gained 2.1 % to 3550 levels on Monday.
ReplyDeleteFree agri calls