SPY (S&P500)- 525% profit in 1 day!! You didn't see that coming!

Last night we talked about a Head & Shoulder on the SPY, and discussed Taking 238 Put option position on SPY.

As entry criteria we discussed SPY to run upward around 237.50 - 238 to form the Rigth shoulder & drop from there.

Surprisingly SPY went up at 237.50 in the morning. We considered to take a 238 March 24th Put option for $0.64.

After that SPY ran all they way down to our target are 234!!

Put went up from $0.64 to wapping $4, that was 525% return on a single day!!!

Hope you joined us in the party.


(For entry clarification please check our relevant SPY post yesterday)