Short S&P 500 (Futures Fun Fridays)

Futures Fun Fridays

Featured Commodity: S&P 500 Index

Technical aspects: it has broken below 4200. This is a support line

Is there Trade?: Yes, But not yet.

· Trade Idea: Short the S&P, or buy a put option.

· Overall Riskiness: Medium

· Risk: Market reverses and rallies back up to 4300

· Reward: Could drop way down to 3727

· Duration: A long term play. Would run for at least 6 months

· Mechanics: use the Vanguard 500 Index Fund , VOO (NYSE)

o Entry: Sell 100 @ 378.25

o Exit profit: 336

o Exit Loss: 420