This trade expired safely as the markets rallied. The creepy meltup continues.
ORIGINAL TRADE – FOR REFERENCE ONLY:
Monday… we are opening a new put spread. The markets seem to be rallying again. People think it is a false rally and markets are ready to crash soon. I am surprised myself, given what idiotic economic policies our government is implementing, but we are not trading suggestions, guesses, wishful thinking but reality of what we see on the screen. And we see the markets moving up in a very strong manner. We broke up from a consolidation:
And so we are opening a put spread instead of an Iron Condor:
Order Summary
Sell to Open 1 SPX 07/25/2025 Put 6180
Buy to Open 1 SPX 07/25/2025 Put 6160
Limit GTC @ 0.65 Credit
TRADE STATUS – CLOSED – WINNER
Challenge Account (2025)
Net-Liq: $4,287.78
P/L YTD: $1,616.32
Credit/Debit Total: $423.69
Leave a Reply