Options on the SPY After a Market Selloff - Investing Shortcuts

Options on the SPY After a Market Selloff

By October 24, 2018Options

Put Options on the SPY

Hey everyone with Investing Shortcuts,

I trust you are all doing well!

What we are looking at today is actually a little bit of a continuation lower next week on the SPY. The implied volatility is not going to be as high as you would expect because this is the SPY.

But… we are going to play off this nice evening star reversal forming, it really is shaping up nicely.  Also, I love the lower shadows forming here on the SPY charts.

So basically we are looking at buying a 275 put option here.

If you watch the full video above, I actually break down the exact step-by-step analysis along with the specific order and stops I am using so you can follow along.

Remember, when the market sells off this fast, you have to be a little more quick and nimble to make any substantial gains.

That said, I really do like these candles and shadows so this is what I am thinking on the SPY at the moment!

Be sure to watch the full video for a more substantial breakdown!


Until next time…  Live life, love life, and trade it!

Jerremy Newsome

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Jerremy Newsome

Author Jerremy Newsome

Jerremy Alexander Newsome is a full-time trader and the CEO and co-founder of Real Life Trading - a community of innovative, inspiring, and driven people from all around the world. Jerremy and company share their Real Life perspective on everything day trading, retirement planning, investing, budgeting and more... His passion is in trading the market and helping others achieve success with their own trading through enthusiasm and humor. He specializes in candlesticks, gaps, credit spreads, day trading, and swing trading. You can count on his eccentric approach to both trading and teaching to set him apart from your standard educators. We are sure that his quirks and quotes will delight you and of course, help you trade faster, better, and more profitably.

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