Hello Investors,
We entered into a bearish SPY trade yesterday. We have taken it off today near breakeven. The futures were -20 last night and the outlook was going as we had anticipated. However, that has reversed this morning. While the trade could still work, we don’t feel the setup that we saw has held.
Cancel the stop loss order and buy to close: SPY May 22nd (weekly) 293.00 calls order filled at 4.83 debit (small loss of -0.23)
We may send another update later today.