Traders should consider going short if $SPY rises to $430
Economic growth in the united states is projected to begin showing signs of slowing in the second half of the year. Potential double top coming near $430 on
SPY
. This is also a 61.8% retracement from the high of 2021 to the lows of 2022. Taking a short position at September 15 expiration while hedging against the trade with a long call at June 16th expiration should make this trade go smoothly. This trade is not for low delta positions but 35 delta plus.
SPY
. This is also a 61.8% retracement from the high of 2021 to the lows of 2022. Taking a short position at September 15 expiration while hedging against the trade with a long call at June 16th expiration should make this trade go smoothly. This trade is not for low delta positions but 35 delta plus.