So today’s trading activity added to The Big Short — or at least my version of it!
Two additional PUT options jumped into the open category over the last couple of days. The first PUT holds ground at 365 on the SPY. It joined the list after the first gap up on the spiders on low volume. The second PUT at 375 on the SPY today after another gap up on lower volume. The Big Short comes about as these both augmented my existing PUT options on Dutch Brothers (BROS).
Fingers crossed as both the SPY & BROS sit in well established downtrends. Ideally the post in the next couple days celebrates some profit taking!
Happy Tuesday & thank-you for swinging by StreetRhetoric.com !