I am taking the view that SPY is overbought and there is less probability that SPY will make a new all time high in the coming weeks and crossing earning season.
I may be wrong, but I think the expectations for the earning is high given that the prices has move up so much.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Credit Open | -1.09 1 | -- Holding |
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- fizzik·01-20TOPThere's definitely a risk of a pullback if earnings disappoint. Keep an eye on those expectationsLikeReport