spx right at the 200 day simple moving average…

so the question begs…can it pop above here?  of course it can, but a decent risk/reward short side opportunity has arisen here. 

  • one can just short the spy, or sell far otm calls…
  • although with vol having come in puts are again getting cheap…
  • there aren't any great short ideas here right now…but they can come quickly.  stay on your toes.

 

 

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