choochoohiggins

Weekly SPY trend line

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AMEX:SPY   SPDR S&P 500 ETF TRUST
This is weekly $SPY chart as you can see there's a trend line that whenever we hit we fall for about 8 weeks. And it just hit the trend line on Friday . I lm thinking 2 months from now we should be around $350, but to play it a little safer , I'm gonna grab a Feb 17 Put for the $335 strike , and I plan on selling the PUT around the second week in January. .. but I can only risk around $200 right now if I had more money Is grab the $370 strike with the same expiration

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