Over the past few days market has been dropping to lower low. Market has not seen -2% in SPY since March 2023. Fears linger in the economy as earning may not meet expectation in the upcoming earning release and poor European nation economy data. US GDP annouce better GDP growth and shed light on investor on economy recession may not be be here. Rate cut expectation may push further into later year which mean risk on stocks will benefit. Expecting$SPDR S&P 500 ETF Trust(SPY)$  to be reversing before big cap tech earning release next week. Offloading my put option on $CRWD 20240802 250.0 PUT$ and buy call option $NVDA 20240802 115.0 CALL$ 

The play would be selling initial capital and the profits would play over the earning. US500 has not yet seen bullish trend yet and poor earning can crush the market again. SPY @ 550 would be great short run.