Down we went

If you have been following this blog you will notice we don't get alot of sell signals as of late or at least any trade-able sell signals.  Well we got one today and it was a decent trade.

Again we got the sell signal after the first two 15 min bars of the day - a common occurrence.  The pattern turned out to be a double top right at resistance at 211.03 and headed back to and broke support at 210.28.

I was interested in only playing the 75 cent space between the support and resistance lines.  Ideally I should have sold half and waited to see what happens but since the drop below support happened in the a final 3 mins of the trading day I'm okay with it.

Here was today's trade.

BOUGHT 6 SPY Mar27'15 210.5 PUT @AMEX @ 0.84 
SOLD 6 SPY Mar27'15 210.5 PUT @AMEX @ 1.05