
Rocket 05-17-23 New Trade SPY Put
We are going short this market near the 4,170 price point in the ES.
Buy a $416 SPY put that expires on Friday 5/19/23. It is currently trading for about $2.35 or $235 per contract.
We just traded to the highs of last Wednesday when we did huge volume on 5/10. The test of that high is in place and we will look for the market to trade lower. Stay tuned for updates!
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