How to short the S&P using options? Day & swing puts

[ondafringe]

• S&P Futures down 0.55%.
• Perhaps Monday might be a good day for the SPY Puts that expire Monday.
• Buy 1-strike OTM at market open.
• Sell 1/2 hour before market closes.

I don't have option software, but that looks like a nice call.

 

[taowave]

You dont have option software??

Who are you Jesse Livermore??

I don't have option software, but that looks like a nice call.

 

[destriero]

I don't have option software, but that looks like a nice call.

It didn't work out.

 

[ondafringe]

You dont have option software??

Who are you Jesse Livermore??

lol

I trade micro-futures. I'm only looking into options to see if a better understanding of them might help me in my future's trading.

 

[ondafringe]

It didn't work out.

Seriously? Wow. Can't take anything for granted. Wish I had had a way of watching that. It would probably have been a good learning experience.

 

[destriero]

Seriously? Wow. Can't take anything for granted.

Opening and closing vol was a scratch due to the late rally. Market ended where it opened the day sesh.

 

[OptionsOptionsOptions]

• S&P Futures down 0.55%.
• Perhaps Monday might be a good day for the SPY Puts that expire Monday.
• Buy 1-strike OTM at market open.
• Sell 1/2 hour before market closes.

Paper trade - I didn't trade it but the numbers are:

• SPY 434 Put at open $1.30.
• At 3:30pm EST $3.00.

 

[ondafringe]

Paper trade - I didn't trade it but the numbers are:

• SPY 434 Put at open $1.30.
• At 3:30pm EST $3.00.

Then it worked?

 

[OptionsOptionsOptions]

Then it worked?

Yes ..... If it was traded it would have been profitable.

 

[ondafringe]

Opening and closing vol was a scratch due to the late rally. Market ended where it opened the day sesh.

But getting out 30 min before the close would've been cool?