This video explores the trade idea we provided our community members over the weekend.
We traded $SPY Put Debit Spreads (PDS) with a max profit target price of $407. Amazingly, $SPY when as low as $404 today before retracing back up to $407. This marks the second leg of our trade for $SPY, making both forecasts for the ETF a success.
Though the other indices have retreated lower, we still have a little ways to go for the $IWM and $QQQ to be considered successful forecasts. We feel confident that both ETFs will reach the indicated price target in time.
Tune in to our next video and trade idea.
We traded $SPY Put Debit Spreads (PDS) with a max profit target price of $407. Amazingly, $SPY when as low as $404 today before retracing back up to $407. This marks the second leg of our trade for $SPY, making both forecasts for the ETF a success.
Though the other indices have retreated lower, we still have a little ways to go for the $IWM and $QQQ to be considered successful forecasts. We feel confident that both ETFs will reach the indicated price target in time.
Tune in to our next video and trade idea.