How about the short strike? BTW, saying a bear put spread is not enough to specify a bear put spread. The strikes with respect to the underlying have still to be indicated (ITM spread, AT spread, OTM spread are all bear spreads and there are many spreads of each, in addition to expiration).
Short at will and get your ass handed down to you in a hurry. Shorting above 50 day moving averages that are rising ? LOL
"The markets can stay irrational longer than one can stay solvent." - I believe this phrase was credited to John Maynard Keynes
Not to point the obvious or anything, but in my post I said âbear Put Spreadâ. If the long put strike is 1300 then the short strike can only be lower otherwise it would be not a bear spread. Secondary, 1300 for the long strike and lower short strike clearly indicates that both options are OTM options. I also indicated that the spread should have June expiration meaning that both options are expiring in June, otherwise the spread would be diagonal (or calendar). So, next time, read and think it through carefully. Cheers
My remark was written mainly for others who simply say bear put spread (and never thing of the variety of spread). I noticed that you specified the long strike. Maybe I should have made that clear in my post. Cheers.
How are the bulls doing today? By bulls in this post, I mean those who held a position overnight. Now, how about everyone? What should do next: go long? Go short? Do nothing? As for me, I held a position (short) overnight. Read above to see where I got involved in my shorting.