$SPY 20251231 683.0 PUT$ Last Wednesday’s late-session tumble put my 0DTE SPY contracts in a tight spot, but I have managed the "trouble" by splitting the defense. I decided to roll the deeper in-the-money strike to buy more time while accepting assignment on the contract that landed just $1 out of the money. With SPY currently resting on the 20EMA and the 50EMA providing a secondary safety net just below, the technical setup looks ripe for a support bounce. I am shifting gears to the "Wheel" strategy now and will start selling covered calls on the next trading day to lower my basis while waiting for that expected relief move.
SPY PUT
01-01 13:47
US20251231 683.0
SidePriceRealized P&L
Buy
Close
0.00+100.00%
Closed
SPDR S&P 500 ETF Trust
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  • DIAMOND009
    ·01-02
    Solid EMA bounce play! Covered calls will chip away at that loss. [看涨]
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