I assent that we may still go lower, but, if we count this slight variation, there is actually one way to get equal legs at todays low (green arrow).
That makes today’s low a candidate for the low (if we’re ultimately bullish).
I have taken this opportunity to sell higher strike puts against my long puts, as it’s possible that we go up from here. If we go lower, that will be fine, but I caught this gap, and that’s good enough for me. I will go ahead and throw a few SPY calls on, too, just in case.
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