Because we see a pump.
Note
SPY 3/5 395 @ 0.35Note
The best case here would be a gap fill (look to the far left)and a Monday EoD close around 380. Perfect bear trapNote
Closing half of my SPY calls @ 0.70 got a free ride to 390-395Note
Closed rest for 1.20. QQQ has some room to go, so my guess is SPY will churn around this area at worst (for us) or makes a dip for us to enter calls again.Note
Grabbed SPY 3/5 Mar @ 0.21Note
O shit forgot it’s Wednesday, not Thursday, lolNote
Will close calls 2/5 SPY 395 on new LODNote
I had a brain fart and thought yesterday was Thursday. What we think happened yesterday: zero GEX was at 389ish and some heavy Put OI was around that level, resulting in de-risking, which added to the downward pressure.View for today; why i bought calls yesterday thinking it was Thursday: Zero GEX
SPY 3/5 Mar moved from 388 to 386. We have Fed talking heads today. Expecting SPY to revisit this level. I'll be looking for a SPY session dip to enter calls (preferably after 10am)Note
Updated view SPYNote
In SPY c 389 3/5 for 0.36Note
Crazy moves! Got out @ 0.5 before Powell started to move the market. Watching from the sidelineNote
Follow the Market Maker when trading ETF options...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.