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SPY Puts

Posted on 6/29/15 at 1:39 pm
Posted by AlexBox
Baton Rouge, LA
Member since Feb 2006
479 posts
Posted on 6/29/15 at 1:39 pm
Holding July 17, 2015 SPY 210 Puts. Bought for $2.42/contract. Sitting about $5.10 per right now. Do I ring the register and sit on the sidelines to see what shakes out in Greece? Let them ride? Cash out and go long? Thoughts?
Posted by Dr Rosenrosen
Member since May 2006
4144 posts
Posted on 6/29/15 at 1:42 pm to
Nicely done.

I would hold for a few more days as I think Greece will hover over the market all week.
Posted by AlexBox
Baton Rouge, LA
Member since Feb 2006
479 posts
Posted on 6/29/15 at 3:20 pm to
I went ahead and cashed out to capture the gain. I reinvested my original investment in the 204 Puts. I hope the drama continues.
Posted by BenFranklin
Member since Jun 2015
170 posts
Posted on 6/29/15 at 3:38 pm to
I bought SPY Sep quarterly 193 put at 190, bid now at 334.

Holding on.
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