Lions.. as you know I closed my SPY puts with a gain. I ended up building a good sized position and pulled a nice profit.
Just prior to the market close I opened a new position- very similar to the one I closed.
SPY Feb. 19 2021 $359 puts.
This is a small initial position- again, if it goes against me I will close it with a minimal loss. This is also a HIGH RISK position.. why? because betting against this market has risk here..
If you entered my previous position and still have it, again the same. If the market drops add to the position. If the market rebounds, you can close it with a minimal loss.
GM
Look at the markets now, looks like his put is playing out.
I have a theory, Greg doesn't follow the markets. The markets follow Greg.
Greg - I rarely see you bet against the market. Glad to know that you are not a permabull. Makes me have more faith in you.