User suggests SPY is bearish under 685 and proposes buying 680 puts if resistance appears at that level.
Unpriced research observations (excluded from Calls and Returns):
SPY — WATCH The author views SPY as bearish below 685 and suggests buying 680 puts if resistance appears at that level. The causal mechanism is technical resistance; put returns would track the underlying SPY if it declines. No timeframe or risk is stated. ambiguous_option_contract
SPY is bearish under 685. If you start seeing resistance at 685, then buying 680 puts is easy money.