Following the red…

The resumption of intraday downtrend from late Tuesday into the close continued on the open today.

At the moment, the near week in the money 219 put is up 64% on the signal, 39% from today’s open.

UPDATE: the 219 put is now up 87 percent on the signal, 57 percent from today’s open (percentages are shown on the lower right of the chart, green for the trend signal, yellow for the day trade).

UPDATE2:

$SPY #DayTrading – took off the 219 put for a 43% gain on the #daytrade. Chart updated at website.#OptionsTrading

https://t.co/KNyuBFYQpZ — The God of Trading (@TheGodOfTrading) August 17, 2016

Appears the midday chop may be beginning, so tightening stops.

(right click on UPDATED chart to view a larger image)