i loaded up on 5/15 260p for 4.40 expecting a nice Monday drop down to 278ish at least
quicksilver0311
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@jryda I already have May 15 and Sept SPY puts so I just hedged for a Monday quick burst to 292 if we do. But I’m still bearish. If we do burst to 292 and break clean, I will close out all my put positions though.
@thienus20 If we don’t break 292, we may possibly retrace all the way to 265 atleast (given we’re actually in a bull market rally and the bear market is done otherwise I think we go much lower). There are multiple levels we test before 265 though - 285, 278, 272, 265.