Markets have pulled back fiercely today with volume. We got a big 2.4% GDP number this morning. This economy is still running hot, but a strong dollar and higher yields have weighed on the markets today, along with the prospect that the Fed may not be done hiking just yet. We are going to let our SPY put spread run for now. The SPY just traded down 6 points from its intraday high today. The ES Futures just traded down 60+ points from this morning's high. Our $454-$446 SPY trade expires tomorrow. We are going to hold it overnight. Stay...

This market looks like it could be getting a bit choppy, with the potential for volatility with the Fed decision expected on Wednesday. We also get ECB rate decision Thursday morning, along with about 165 of the S&P 500 companies reporting this week, including MSFT, GOOG, META, and many others. We are looking for some bearish action, as we saw how high the bar was for NFLX and TSLA last week, along with a Fed where all expectations are that they are done raising after this meeting, but all of that is already baked into this market so we will...

We have a SPY $444 put which expires today. We bought it at about $2.10. It is currently trading at about $4.00. Sell to close our SPY $444 put - place a limit order and get out at whatever price the market will give you. We are taking our profit.    

We have some nice action to the downside with our $444 SPY puts, which expire at the end of the day tomorrow. We got into them at about $2.10 and they are currently trading at about $6.05. The SPY is down about 1.15% on a hot ADP jobs number adding 497K jobs in June. Non-farm payrolls come out tomorrow at 8:30am ET, which should provide another potential jolt of volatility. We also have some Fed speak out today with Lorrie Logan, Dallas Fed president and a voting member this year of the FOMC this year, talking about the need for...

We are going short this market with a simple put in the SPY for next Friday expiration, July 7th. Volatility is very cheap right now and we are just above the June 16th highs with dramatically lighter volume. This is a high risk trade so only trade with capital that you expect to lose, as this trade will be a total loss around 50% of the time. The SPY is currently trading at 443.90. Buy the July 7th $444 Put. It is trading at about $2.10 right now, or $210 per contract. This is all premium as we only have...