06.15.20 - 06.19.20 $SPY (options trades)

I was traveling and unable to manage my positions this week but had a game plan to snag some put options on the $SPY if it opened below $300 Monday morning. We opened below $300 so I grabbed them up, looking for a push lower throughout the week, and I went about my week. My plan was to check them when time allowed and either take a full loss or profit when I was up in the trade. Minimal risk was key to this trade. Little did I know, the Federal Reserve would buy up junk bonds and rally the market all day Monday, then cause a gap up on Tuesday. Tuesday afternoon I hedged the trade and bought $SPY calls, looking for a break even trade by the end of the week. We did the one thing that would crush my positions - traded sideways...