Short on SPY following pre-Market overnight gap upwards towards 399.02.
Continuation of moderate bearish trend with a realistic take profit(s): T1 - 398.22; T2 - 396.77; T3 - 396.6.
Put Options between open price (399.02) towards 399.45 with potential to average down cost (0-1 DTE); StopLoss set around 401.37 (consider adjusting StopLoss or Rolling as appropriate).
Continuation of moderate bearish trend with a realistic take profit(s): T1 - 398.22; T2 - 396.77; T3 - 396.6.
Put Options between open price (399.02) towards 399.45 with potential to average down cost (0-1 DTE); StopLoss set around 401.37 (consider adjusting StopLoss or Rolling as appropriate).
Sold half lot at small loss - sold remainder for smaller than desired profit when price receded to 398.
Opened & closed Call Credit Spread 399/402 for 30% profit; CCS 400/403 expiry 3/2/23 opened on 2/28 & holding while ITM.