My anchor position are my puts against the Dow Industrial ETF. Specifically, I own an irresponsibly large quantity of September $500 DIA puts. The /YM was green early today, but it has had a nice little plunge.
Using both the Preloaded Lists and the Watch Lists features on Slope, I was able to look at the quotes for all 30 components. Nothing jumps out as the specific reason, but it hardly matters. It’s nice to see it weakening, and I’ve got many, many months for this to grind down.
I’d say a minimum target for this trade is to close up the price gap marked by the green horizontal, which is about thirty dollars from here.
