How to Profit $2,641 and $1,994 with SPY in a Downtrend?
@MillionaireTiger:
The market correction, down 5% from its peak. Do you opt for a quick profit and exit or do you shut down the app?Despite a downturn, some individuals managed to secure impressive profits through options strategies, raking in $2,641 and $1,994 respectively. How did they pull it off? Let's take a closer look.Let's commend @BABAMood for his outstanding accomplishment, yielding a $2,640.92 return by selling SPY PUT🎉. And let's also applaud @Bioman21 for his remarkable achievement, securing a $1,993.69 return by investing in SPX calls! 🎉From the showcased trades, on the left, we observe selling put contracts with a cost price of $0.27. As for the right, specific actions aren't clear;