SPDR S&P 500 ETF TRUST
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SPY S&P 500 ETF Options Ahead of the CPI Report

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If you haven`t shorted the Bearish Flag Chart Pattern:
SPY Bearish Flag | Put Options


The U.S. Bureau of Labor Statistics will release Consumer Price Index ( CPI ) data for the month of November 2022 on December 13, 2022, at 8.30am ET.
The rate of inflation is the most important data that will impact the Fed’s coming rate hike decision.

Now looking at the SPY options chain Ahead of the CPI Report, i would buy the $387 strike price Puts with
2023-1-20 expiration date for about
$8.96 premium.
If the options turn out to be profitable Before the CPI Report, i would sell at least 50%.

Looking forward to read your opinion about it.
Operación cerrada: objetivo alcanzado
SPY is trading at $3,827. Premium went from $8.96 to $12. and we still have until the expiration date.

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