April 12, 2013


SPDR (SPY)

Bias: Bearish
Price Target: $155


SPY has been touching +3 sigma for the last couple of days and we feel we are due for a pullback
We want to purchase some puts to take advantage of the possible move lower.


BUY To OPEN 2 SPY Jun-22 158 Puts trading at $3.59

SPY is now trading 158.38
This Put is now trading for $3.59
The Total Debit for this trade is $7.18


Day Order Only

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