Updated

SPY cross

SPY SMA50 crossed under SMA100
Tuesday 10/17/2023

SPY close cross under SMA200
Friday 10/20/2023

Here's a backtest using the FibMAI strategy set to:
Long = SMA50 crossover SMA100
Short = SMA50 crossunder SMA100

Note

10/25/23 SPY snapshot update:
YTD high = 459.54
50% YTD retracement = 418.71
YTD low = 377.88

Note

Economic Calander 10/26/23 8:30pm EST
US GDP Gross Domestic Product QoQ
actual: tba forecast: 4.3% previous: 2.1%

Note

US GDP 4.9% actual

Note

Note

10/27/23 update:

Note

It sounds crazy considering SPY price action today. But my speculation is that institutional investors will be going long buying S&P500 next week on Monday and Tuesday because it's the last 2 days of the month of October 2023. I won't be surprised if SPY hits 420 by Tuesday, 10/31.

Note

10/27/23 SPY trade idea:
1:4
long = 410
stop = 407.50
profit = 420

Note

10/30/23 SPY zoom out SMA24 month chart snapshot:
Gigantic cup and handle forming the past 2 years?

Note

SPY 1st week of November:
close = 434.69

Note

The next known catalyst is Wednesday 11/8/23:
9am ECB Enria speaks.
9:15am FOMC Powell speaks.
8x split frame chart update 11/6/23:
NFLX, GOOGL, NVDA, AMZN,
AAPL, MSFT, TSLA, META.

Note

SPY Triple confirm short signal on the 4hr ext chart:
Wednesday 11/8/23 probability is currently down.

Note

SPY options data update 11/6/23:
11/17 expiry
Put Volume Total 94,034
Call Volume Total 45,946
Put/Call Volume Ratio 2.05
Put Open Interest Total 2,667,824
Call Open Interest Total 1,162,094
Put/Call Open Interest Ratio 2.30

Note

SPY 11/6/23 trade idea:
4:1
short = 435.5
stop = 438.5
profit = 423.5

Note

8x split frame chart closing bell 11/6/23:
NFLX, GOOGL, NVDA, AMZN,
AAPL, MSFT, TSLA, META.

Note

SPY 11/7/23 short levels:
SMA50 = 433
SMA100 = 439
SMA200= 424
AVWAP = 422
R3 = 443
SMA20 = 426
S3 = 410

Note

11/7/23 update 4x split chart:
SPY
QQQ
DIA
IWM

Note

8x split frame chart update 11/7/23 MSFT hits 362, AMZN 143:
NFLX, GOOGL, NVDA, AMZN,
AAPL, MSFT, TSLA, META.

Note

SPY 11/7/23 trade idea:
4:1
short = 437.5
stop = 440.5
profit = 425.5

Note

Not a good long setup 4x split chart:
SPY
QQQ
DIA
IWM

Note

SPY 11/17/23 expiry options data:
Put Volume Total 156,739
Call Volume Total 76,029
Put/Call Volume Ratio 2.06
Put Open Interest Total 2,663,051
Call Open Interest Total 1,196,389
Put/Call Open Interest Ratio 2.23

Note

11/7/23 The 2s/10s yield curve:
US02Y
US10Y

Note

SPY 1/19/2024 LEAPS expiry options data:
Put Volume Total 69,799
Call Volume Total 18,905
Put/Call Volume Ratio 3.69
Put Open Interest Total 1,387,697
Call Open Interest Total 989,383
Put/Call Open Interest Ratio 1.40

Note

11/7/23 8x split frame chart update closing bell time to sell:
NFLX, GOOGL, NVDA, AMZN,
AAPL, MSFT, TSLA, META.

Note

11/7/23 4x split frame chart update closing bell time to sell:
SPY
QQQ
DIA
IWM

Note

*options use 100x leverage you could lose everything*

There are many types of options trading strategies and positions, simple to sophisticated & hybrids. I group them into theta, delta or mix strategies and bull, bear or neutral positions. There's a buy side and sell side to every trade. If you check the open interest (OI), you can see how liquid it is. Check how wide the bid vs ask spread is.

Theta:
iron condor
iron fly
covered call
cash secured put
calendar spread
collar

Delta:
call
put
straddle
strangle
debit spread
credit spread

Bull:
call
put credit spread
call debit spread
cash secured put

Bear:
put
call credit spread
put debit spread
covered call

Neutral:
straddle
strangle
iron condor
iron fly
collar (often used for downside insurance)
calendar spread (short or long time)

Options important variables:
Strike = share price
itm, atm, otm = strike position
Expiry = Date of expiration
Value = H, L & Mark
Liquidity = bid vs ask spread
Direction = put or call
OI = open interest
V = volume
IV = implied volatility
Delta = price
Theta = time
Vega = volatility
Gamma = momentum

Note

11/8 SPY hedge / short idea:
11/13 expiry 30 delta puts
hold small (<1%) position with no stop loss = binary total (<>1%) loss or gain

Note

11/8/23 SPY not a long trade:

Options360

Trading indicators:
tradingview.com/u/Options360/

Disclaimer

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Options360

Trading indicators:
tradingview.com/u/Options360/