Trade details
Instrument:
Notes: Buying puts here at $5 ea in anticipation of a pullback in the S&P 500. If we can retest the 700 level in the next 1-2 weeks these puts should be worth $10-12 ea.
You might even look at a ratio trade. Buy the 700 puts and sell (2) 650s. Don't think we'll re-test the lows put in earlier this month but could be wrong.
LAoptions 1059 days ago
