I bought puts on the bounce in SPY that will pay off if the market takes any kind of significant correction this year. They are dated out to December. The mental ‘stop’ would be if it looks like the recent bear hysterics were just a fuel stop for an upside blow off to come.
It’s risky because the S&P 500, unlike the the Nasdaq, never lost daily chart support. But if SPY goes flat or keeps rolling here I’m going to hold these puts for what I’d expect to be good gains.
