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SPY prepare to sell put at next fresh demand zone AT 261

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AMEX:SPY   SPDR S&P 500 ETF TRUST
SPY at 261 is fresh demand zone. Prepare to long here, target is 285.

245 is the next fresh demand zone. Sell to open next month (Apr) SPY 245 PUT ;
It should be more than $1000 per contract;

None stop, Willing to be assigned. Cost is less than 235 per share. Only need 12,000 cash.

#1 After this entry, if SPY will go down to 235, which is down more than 30% of 340;
it is a good price to buy SPY for long term investment. Once got assigned, sell ATM call for next month instantly. When IV high, sell option will be good.
After this step, Cost will be less than 225 per share. Even if SPY will go down to 170 (50% down from 340) in next few months, if I keep selling calls, the Cost will be almost near 170 per share.

#2 After this entry, if SPY goes up,
Buy to close this PUT at 70% of the sold price within 3 trading days. (Planned as a turning point.)
Or
Buy to close this PUT if it goes up to 285 (Resistance). This is a "quick win" trading plan. Don't hope too much.
Trade ativo:
SPY at 256, 5 below 261, so sell put 240, 5 below P245.
STO Apr P240 Limit 12.57 at open 6:32 AM PST. If got assigned, the initial cost is 227.43;
Trade ativo:
If you have used this plan, I will provide followup plan to rollover or to sell calls later.
If you have not used this plan already, please don't use it. The price situation is different from what I have anticipated.
Trade ativo:
If there is a chance to make a profit, I prepare to close this trade today.
I would not hold it over this weekend.
Trade fechado manualmente:
BuyToClosed at Open with market, filled price 11.89 at 6:34 AM PST.
Actually, yesterday I missed the 265. Once I got profit, I should move stop to make even + Fees.
Aviso legal

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