$67 Profit
SPYLong Option
I have 5 call positions open for long term swing trades. I had a feeling we might be getting a pullback on the market within the next few days, so I took Stef's advice to put on protection. I bought this cheap put contract right before market close which would only cost me $53 if I had to let it expire worthless. DANG, flash crash O/N netted me a 128% ROI! My calls didn't even lose much money after SPY came up. I'm down on 2 trades, and not by a lot, but up overall with the hedge. Tastyworks
| Date | Price | |
|---|---|---|
| Entry | 1/25/2023 | 0.53 |
| Exit | 1/25/2023 | 1.21 |
- Total Views101
- Position Size1
- Percentage128.3%
- Option TypePUT
- Strike392.0
- Expiration1/27/2023
Proof
Copy and paste the following into your page or blog. If using WordPress, you must paste this in the HTML tab only:
