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u/MetalCharacter8431
1 day ago
Question
Thoughts on SPY Put?
I originally bought an SPY OTM put on Friday waiting for pullback from the earnings week. That was a dumb decision looking back due to the bullish momentum and I learned to not be forced to buy a contract just because it's all you can afford, not to mention the climb continued that day. Currently SPY has been holding fairly flat so I bought another position that was closer to the money. What do you guys think of the setup? I'm currently concerned about what NVIDIAs earnings might do but I'm hoping the CPI report tomorrow tips the scale in my favor. Any recommendations on what to look for or when to sell?