ProShares Short S&P500

SH drop on SPY bounce

191
SPY will bounce so far early bullish engulfing printed. Let's see if there is continuation and see if this buying holds. The first bounce is always strongest.

Bought a Put $2 Strike $34 Exp Jan 18. Price target $31. Payout $100. Stop loss $33 if price levels continue higher I will take off trade for as little of a loss as possible.

Delta -71

High probability trade, Low Risk.

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