SPY

trading ranges are dangerous because they suffer many false breakouts-
- I have very little faith in this rally


looking to go BIG size short in 2-3 days



Options
- Delta over 0.60
-Target plus 21 days
-OI >100
-bid/ask sprad smallas possible

target 01/21/2019

option purcahse
02/15/2019
Long Put ITM $275
Delta .070
Risk 5% of account
Entry will determine size/c# of contracts- top fishing $270-273

Yorum:

short entry move up--- this is preferred as an entry short based on S/R at approx 282 would make stop loss obvious and tight- size increase/ profit potential increase