Vertical SPY PUT Short 2021

31 Dis 2020

Opened SPY Vertical Put Spread for $0.14 and expires on March 31, 2021. 85 SPY Put Buy at 271 and 85 SPY Put Sell at 266. Max gain is $41,310 and Max loss is $1,190. All the evictions pending, restriction of movement from state to state, election uncertainty, potential conflict in the Middle East against Iran since the 1 year anniversary of Qassem Soleimani and the Yearly sell off.

1 Jan 2021

Nota

SPY on the Monthly Demark is a green 7. I may be too early and should have waited for a green 9. 2020 correction started on a Monthly green 5 so let's see.

1 Jan 2021

Nota

Retracement to the 200 day Moving average (Orange) is about $286 and hope it blows past it if it is time to correct.

1 Jan 2021

Nota

Retracement to the 50 day Moving average (White) is about $331. I will close if we dont go below and bounce off when we reach it. It has to accelerate like 2020 correction.

1 Jan 2021

Nota

I am at least exposed to the U.S. Stock Market, Bearish Position, so I can continue accumalating Bitcoin which continues to head higher.

29 Jan 2021

Nota

Very interesting week, Wallstreetbets really screwed the hedgefunds at their own game. I am looking forward for earnings season to end and hope the market comes down with all the news of depression and uncertainty.

14 Feb 2021

Nota

Position is now worth $0.02 NAT or $170 dollars if I wanted to get out now during market hours. Opened a new position short. Will post later the position.

14 Feb 2021

Nota

New position. Bought 1 Put expiring on Jun 18 2021, 124 days till expiration, at strike price $388. Breakeven is at $370 on expiration. Max loss $1,800. Readjustment of breakeven to $358.10 for including max loss on previous trade, 85 SPY Put Buy at 271 and 85 SPY Put Sell at 266 for $0.14 and expires on March 31, 2021 which was max loss of $1,190.