I'm setting up a Bear Put Spread on 
SPY with the following legs:
Buy 630 Put
Sell 620 Put
Expiration: October 18, 2025
Thesis: I'm expecting a bearish move or neutral-to-bearish consolidation over the coming weeks, likely driven by macroeconomic pressure and technical weakness around the 630 level.
Current Price: ~$629.50
Risk/Reward: Defined risk strategy with a maximum loss equal to the net debit paid.
Breakeven Point: $630 – net debit
Max Profit: If SPY closes below $620 at expiration
Max Loss: If SPY closes above $630 at expiration
Technical indicators include:
Price rejection around VWAP
Decreasing OBV during consolidation
RSI divergence suggesting weakening momentum
Watching for further confirmation on breakdown from current levels. Will monitor volume and macro news.
SPY with the following legs:Buy 630 Put
Sell 620 Put
Expiration: October 18, 2025
Thesis: I'm expecting a bearish move or neutral-to-bearish consolidation over the coming weeks, likely driven by macroeconomic pressure and technical weakness around the 630 level.
Current Price: ~$629.50
Risk/Reward: Defined risk strategy with a maximum loss equal to the net debit paid.
Breakeven Point: $630 – net debit
Max Profit: If SPY closes below $620 at expiration
Max Loss: If SPY closes above $630 at expiration
Technical indicators include:
Price rejection around VWAP
Decreasing OBV during consolidation
RSI divergence suggesting weakening momentum
Watching for further confirmation on breakdown from current levels. Will monitor volume and macro news.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.