What happened Going negative... Ended up with -$13USD after wiping out the account
Actual Loss Actual loss for the day was $212USD, so it wasnt that bad, just lost the full $200 which was sitting inside the account. However, any loss just feels bad...
The Actual Trade Did 2 trades on Wednesday, expecting the FED meeting result to cause a crash. Sell SPY CALL 521/522 Buy SPY PUT 510/509 The max win and loss is $100USD both ways, with the premium collected offsetting the premium paid for nett $0 excluding fees.
The Result $SPDR S&P 500 ETF Trust(SPY)$ closed at $520.48 where all th
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