SPDR S&P 500 ETF TRUST
Short
Updated

SPY 10/8 0DTE Strat.

284
The market opened up at 570.42 today with an ATR of 6.03. We could climb up to 576.45 and down to about 564.39.

On the 15-minute chart, we have a gap that we can fill at around 572.80. That was right around the high on Oct. 4th.

I have the 569 strike and looking for this to fill the gap at around 567.80 by the end of today.

I set up for max loss, so if this runs higher, I'll let this become worthless.

567 will be my exit point.
Note
Trade is live.
Note
If this decides to run up again, it's going to want to test around the 573 area. Need to pay attention to the price action there
Note
Climbed back up to 573. Let's see what it decides to do from here in the last hour.
Trade closed manually
Trade will expire worthless.

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