Lions.. as you know, I did close my SPY puts just prior to the market close with a gain- however, I still do believe there is more downside to the market.
Generally, when the market falls on a Friday, it is VERY rare to have a follow through sell-off the following Monday. IF you get a sell-off on a Friday with a Monday follow through, it is a very bearish sign.
I intend to evaluate the market dynamics on Monday and take up a new short position.
As usual, I will keep you all updated.
GM
That is an interesting pattern, thank you for teaching us it. Stay safe
Thanks Greg, and I have 2 Put positions I'm holding, and one TGT that I added into and built a nice size position and I'm expecting for this stock to pull back off its yearly highs, and another Put position AAPL that I entered again after I sold yesterday for a nice profit, and its just sitting in the same spot with a small profit as it was when I bought in yesterday, so I'm holding both Put positions into next week because this market is fixing to roll over, and then roll over again. Thanks for keeping us informed and ahead of this Market!!!