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SPDR S&P 500 ETF TRUST
Short

SPY S&P 500 ETF Double TOP Chart Pattern | Options to Buy

477
If you haven`t bought those SPY puts here:
SPY S&P 500 ETF Prediction Ahead of FED Rate Hike Decision !


Then looking at the chart, it seems like SPY has formed one of the most bearish chart patterns: the Double Top!

Assuming that the CPI report will come higher than expected this week, I would buy the following SPY puts:
2023-5-19 expiration date
$405 strike price
$1.62 approx.. Premium to pay.

Looking forward to read your opinion about it!


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