SPY

Buy to open a position SPY SEP90 PUT SWGUL @ $4.85. Order filled.

Underlying Targets:
Target of $87.00 then re-evaluate
Stop of $90.50

I did this based on the weekly chart indicators as general downside protection and hedge for naked or cash secured positions (excluding SRS PUTS).

GS

Sold to close GS OCT140 PUTS @ $15.00 for a $2.00 GAIN per contract. 15.3% GAIN per contract.

I feel this is a good exit point for now, even though I didn't reach the second target price.

EEM - Ishares MSCI Emerging Markets Fund

$$ Bought EEM JUL32 PUTS EEMSB @ $1.50. Target of $31 on the underlying.

$SPX SPY Stock Market Commentary

I hope everyone had a great weekend. All of the trades for the May options expiration cycle were winners!!!

Speaking of Green Shoots; I was right on with the post concerning the end to this run up, albeit 2 days early (see original post CLICK HERE).

I purchased some SPY PUTS for protection last week because I think we could see 875 by this Tuesday and 830-840 by the following week on the S&P500. Once the S&P reaches each of these levels, I will re-evaluate and update you.

I will bail out of my NDAQ naked puts if it breaks down below $17.50 which I think it will. For the time being, I am safe with the CLF naked puts.

As always, I will update as I enter and exit positions.

Trade well!!!

$SPX SPY

I just purchased some SPY JUL87 PUTS (SZCSI) @ $3.85 for insurance/downside protection.

Update: Purchased more SPY JUL88 PUTS (SZCSJ) @ $3.73