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SPY - potential play of $240 July 19th Puts

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SPDR S&P 500 ETF TRUST (AMEX:SPY)  
AcornWealthCorp  
AMEX:SPY   SPDR S&P 500 ETF TRUST
SPDR S&P 500 ETF (SPY) short
5
0
spy short
Discussed the potential play of $240 July 19th Puts on the SPY if we break below $240 with a target of $236. However this is a VERY high risk/advanced play and would assume potential 100% loss of whatever one puts in as could expire worthless as with any option trade.
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