Hello Investors,
Today we discussed the markets. A possible “cup and handle” that could progress in the SPX chart. We entered into a very short-term trade idea in SPY but it is NOT filled as of this update.
New order is still pending in SPY, details as follows:
Buy to open: SPY Sep 6th (weekly) 560.00 strike put (ratio of 1)
Sell to open: SPY Sep 6th (weekly) 550.00 strike put (ratio of 2)
Buy to open: SPY Sep 6th (weekly) 540.00 strike put (ratio of 1)
Debit: 1.50 – pending limit order that has not filled
This is a day order only, if not filled today then we will cancel the order.
Have a great week!