Trade Alert: SPY
Sell to close the SPDR S&P 500 ETF (SPY) June 235 put option.
Our stock indicator has turned essentially neutral. As we’ve discussed in our recent Weekly Updates, we will close out one of the SPY puts if warranted by our indicator signal. Today we sell to close the SPY June 235 put option.
The other SPY put option we currently hold, the SPY June 220 put, is still a hold. We are treating this position as a hedge against the market rather than an indicator-driven trade.
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