Quote:
Originally Posted by Blazed
SPX: 4400 top (break above 4410) / 4375 key level (4395 resistance) / 4320 bottom
Watching:
SPY - bounce 434 for calls (with confirmation - high risk) Main bounce area 433.58 > 430 (higher probability).
437-438 area on watch for a reject (high risk) 439.5 (higher probability with confirmation).
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Quote:
Originally Posted by Blazed
If you're using ATR bands, there's your one good trade. I'm still in calls until volume says otherwise or we hit 4395. Then I'll switch to puts.
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Trade recap:
All done for the day. Daily gain $17.5k. Gave my exact trades as I was doing them and what I was watching for. All trades I took were level based and stress free. When you know what you're looking at and how to read the market, trading options isn't hard.
Out of calls and into puts @ 4395✅ - all out of puts @ 4388.
SPX: 4375 key level (4395 resistance)✅ to the T.
Contracts on calls moved $980 > $2,300, gain of $1,320 per contract.
Puts moved $1,000 > $1,460, gain of $460 per contract.
Also, my APPL put swing is in the red, down $930 on them with APPLs pump up today.
Hope everyone enjoys the rest of their day. if you caught the trades congrats, good time to get screen time in and additional education.
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Added: Congrats if anyone caught that retest of 4395 (4396.6) I didn't but volume confirmed that drop was coming.
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Added: 9:48 - Actually I'm not done. I'll be watching 4404 for a reject with confirmation. Lets see if we can get it.