rknight52 9:37 am on Friday, March 18, 2016

$SPY spec trade

Very speculative, but cheap. BTO Mar 31 200/198 bear put spread for 0.25.

prvtrader 9:44 am on Friday, March 18, 2016

That is a nice trade, if the market tanks on Monday.
I like it!
- prvtrader 9:53 am on Friday, March 18, 2016
  
  I did something similar for Mar 31 202/200 for $0.40.
  SPY is right at resistance and if it drops there is support at 199.15 and 196.01 which are 38.1% and 61.8% Fibs retracements. So if on Mon or Tue it decides to take a dive, it may bounce from either of those…we’ll see.

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