Anyone considering a put backspread at these levels of XJO?I am...

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    Anyone considering a put backspread at these levels of XJO?
    I am guessing 6000 is a good resistance point but market may overshoot this given the reopening optimism + money printing.


    SELL 1 XJO 6000 PUT
    BUY 2 XJO 5900 PUT

    MAX loss at @ XJO 5900
    Breakeven at 6000 and 5800
    Profit from 5800 or less

    Thoughts?
 
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