Am in a similar trade using SPY puts and IWM with target to 2750-2800.Few will dare short and hold and I understand it . This is not a trade but a hold of several weeks to months . I’d be shocked if we don’t see 2500-2700 this summer .I started my short today over 3055 and will scale to 3100 and then only add if we break back under 2980 . My stop is 3250 . I’m willing to risk $100k lose to make up to $500k . You need at least $700 k in your account to comfortably hold this trade . If I’m wrong I won’t hide and I’ll get on here and post my lose . It seems many traders only appear when they win and hide when they lose .
That is meant as a warning!!! Not that experienced a trader, but trading off some data analysis I have done
