Still anticipating ranging markets. Opened a couple Bear/Credit Call Spread at $211/$216. I'm using a $5 spread because the R/R is better than $10 spread.
Credit = $2.25 (net $2.14)
Break even = $213.14
August Expiration*
* I likely will not hold on till expiration. I would use a SPY price drop to take profits and remove the risk.
Credit = $2.25 (net $2.14)
Break even = $213.14
August Expiration*
* I likely will not hold on till expiration. I would use a SPY price drop to take profits and remove the risk.
