fuzzballl 6:43 am on Friday, March 6, 2020
Tags: ShortPuts ( 4,763 )

SPY

#ShortPuts – Scaling in. Any of these should be very easy to roll if I decide I don’t want the stock. Next target will be April 225 for over 5 bucks.

Sold SPY APR 17 2020 250.0 Put @5.20

fuzzballl 6:45 am on Friday, March 6, 2020

I was just going to scale into tiny stock purchases but that just seems too dangerous here. Selling the puts to try to get stock much lower…
jsd501 6:52 am on Friday, March 6, 2020

I was thinking of doing the same trades but this time the market feels different. I think this could get uglier than what the pundits think.
- fuzzballl 6:56 am on Friday, March 6, 2020
  
  No doubt. I think 230 could come into play if we take out last week’s lows with any speed. I’ll add at 225 200 and 175. That’s about my limit. LOL Call premium would be through the roof to sell against the stock.