Protecting Your Position with PUT Options - Investing Shortcuts

Protecting Your Position with PUT Options

By November 2, 2018Options
put options

Keeping a Close Eye on the SPY this Week

This is a video from Options Expert Jerremy Newsome covering a specific put option on the SPY last week.

The market has changed since the initial recording of this video, however this type of retrospective look has the luxury of knowing what actually happened next!

Truth be told, the SPY did follow Jerremy’s prediction in the following days.

Have a look!

Transcript (October 25th, 2018):

Hey Investing Shortcuts, it’s your boy Jerremy Alexander Newsome with another options video!

The last options video we setup we were discussing a breakup and breakdown of the SPY.  I think its adequate to focus on that again, and look at potential option trade on the SPY.

My thought at this particular juncture is really a breakdown of the low today (10-25-18).  This would be a 266 long put for November 16th.

Realistically, your objective will be to keep an eye out for the high on the October 24th high candle.  If it does not break this high, look for an impending breakdown below the low.

I’m keeping my eyes on a continued rollover later this afternoon…

Watch the video for the full breakdown!

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.

More posts by Jerremy Newsome