Opened 4 SPY contracts 5/15 $150 at $1.02

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Omg

You do know it doesn’t need to hit $150 or even $200 for me to make money lol...I’m looking to sell by end of week

What is the break even?

148.99 but that’s not a relevant element in the play I’m making

All you care about is a big movement in the underlying price of the stock (up or down, in this case down since I’ve got a put) in the shortest amount of time before expiration...i went far out in expiration because the premiums (price of the option) are cheaper

🙂

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See in minutes :)....hoping opens lower tomorrow

If it opens higher. Stay with diamond hands

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