Hamzei_Analytics · @HFT_StockOption
14th May 2013 from TwitLonger
May 14, 2013
SPDR (SPY)
Bias: Bearish
Price Target: $158
We are bearish short term on SPY and want to purchase a put vertical to take advantage of the possible move lower.
We are looking for this move lower to occur by the week after memorial weekend.
BUY To OPEN 4 Jun-7 SPY 163 Puts trading at $1.20
SELL To OPEN 4 Jun-7 SPY 158 Puts trading at $0.40
SPY is now trading at $164.99
This spread is now trading at $0.80
The total debit of this trade is $3.20
Do not pay over $0.90 per spread.
Day Order only