I have written the weekly 127 SPY Puts expiring next Friday against my long SPY Put position. The reason being that strong seasonality may help contain the downside. If we do rally for the turn of the month I plan on using this premium to expand my short positions.
4 comments:
Are you sure that is a good idea? Seasonality is an ok indicator but not something I would want to risk a lot of capital on.
Im still short but only to a point now.
Tsachy, are you still holding these? Or would you sell into the strength today?
For now I am sticking with it. I am long Puts at a higher strike. This is not a naked position.
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