Quote:
Originally Posted by Blazed
Market is in a tricky spot right now so sizing down today.
SPX: top 4600 (resistance 4595) / bottom 4520 / key level 4550 (4545 support) + ATR's
Watching:
SPY: bounce @ 453.4 and 460-462 area reject
BABA: getting close to my entry @ 70
NFP tomorrow so might range today. Will wait 15 mins at least to take a trade unless 4550 is hit. Don't force and wait for the trades to come to you.
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Calling it a day here. Might come back for power hour and see where we're at. Not looking to scalp and markets too choppy right now.
Only 2 trades I've taken so far.
BABA: getting close to my entry @ 70✅ - Filled 2k shares at my PT. Sold $70 puts 20 cons @ 9.50 for 1/17/25 for a $19k gain
Filled some LAZR on smaller acct. - contracts were the same price so I went a little further out. Alert set on options contracts @ +50% to see where we're at. No stops as option contracts spread gets wide at times, don't need any false stop outs.
Lets see how this plays out
