shorting SPY 116 weekly puts at 1.06 area same contract amount as the long 115 weekly puts, credit spread and buying SPY 117 weekly puts at .90 area OVERSIZED

/s shorting SPY 116 weekly puts at 1.06 area same contract amount as the long 115 weekly puts, credit spread and buying SPY 117 weekly puts at .90 area OVERSIZED . turning it into a credit spread bullish biest. Now on my formulas multi day direction is still bearish but the market data was to good to ignore so am moving bullishly now on my positioning for a bounce setup has cleared and we can easily pass the day highs on a bounce alone. We also have a bit of a butterfly strategy  here also so if I wish to reverse the position its easy to do.

Posted in General Trading