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Bought Jan 12th $141 $
puts for $2.15. $3 lower on the strike to cut loss risk in half (vs. the $144's I sold for $4.10).
Most picturesque short charts I've seen all year.
Wanted to add some more SPY puts, since those $141's were already up 20%, I added $139's instead at $1.76.
Look like the market is moving along that same line with OTM i.v. much higher. Sort of interesting, I think good for the option player.
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