The spy puts that I bought last week or getting absolutely murdered. I have a $386 strike for August 8. They are currently down about $45,000, and this all happened over the past four days. It’s kind of hard for me to sleep at night, not gonna lie.
The last hour of the market today really confused me. My puts were up about $5000 during the day, but somehow there was nonstop buying in the last hour and pushed spy green. Absolutely frustrating to say the least. Now seeing that Walmart is having terrible earnings, that does give me some hope for a downturn in the market tomorrow. However I would not be surprised for spy To turn green because it seems to be what’s happening now for some reason.
Anyone think spy can get to the mid $380s this week?
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