Rocket Equities & Options 06-03-21 SPY Trade Update
Place an order to close SPY put spread at $0.70
The markets started lower this morning, following a pretty strong ADP jobs number with 978K jobs added in May, and an initial unemployment claims number under 400K, the first time that's happened since March of last year. Non-Farm Payrolls are out tomorrow at 8:30 am EST.
The SPY is trading at around $418.00. Place an order to sell our put spread at $0.70. We need some substantial further action to the downside to get executed at that price but get your order in there anyway. If we don't get executed then we'll wait for tomorrow and look for the negative trend that's persisted this week to continue. This options pair expires tomorrow.
Place an order to sell our SPY $414 - $412 put spread at $0.70. We bought this position Tuesday for $0.20. The spread is currently trading right at about $0.22.
The SPY is trading at around $418.00. Place an order to sell our put spread at $0.70. We need some substantial further action to the downside to get executed at that price but get your order in there anyway. If we don't get executed then we'll wait for tomorrow and look for the negative trend that's persisted this week to continue. This options pair expires tomorrow.
Place an order to sell our SPY $414 - $412 put spread at $0.70. We bought this position Tuesday for $0.20. The spread is currently trading right at about $0.22.