Buy SPY via selling Feb 75 puts
Stock market manages a positive close after a steep slide. For SPY, 75 looks to be reasonable support given the time frame. ThinkorSwim analyzer gives a 5% chance that SPY goes below 75 by expiration on 2/20.
Elsewhere, GLD makes a 7-month high. If anything I lean bearish, the volume spike yesterday, is sometimes a day or two from an intermediate top. The long term fundamentals are still bullish for gold. However, after the bull run, and all the press gold is getting, it may be ready for a breather.
Positions: Long SPY
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