We are back after another banger week for SPY options. Last week's $590 Call 12/2 confirmed twice off $586 returning intraday gains of 48-67% on Tuesday & Wednesday and reaching highs on Monday 11/25 of 184-210%
Here are this week's options:
Range: $583-$598 ($590 mid-point)
$595 PUT 12/9
Entry: 15-min candle close BELOW $598.67
Targets: $595.50, White trendline
Stop: 15-min candle close ABOVE $598.67
$605 CALL 12/9
Entry: 15-min candle close ABOVE $598.67, 15-min retest and close ABOVE $598.67
Targets: $601, $605
Stop-loss: 15-min candle close UNDER $598.67
Here are this week's options:
Range: $583-$598 ($590 mid-point)
$595 PUT 12/9
Entry: 15-min candle close BELOW $598.67
Targets: $595.50, White trendline
Stop: 15-min candle close ABOVE $598.67
$605 CALL 12/9
Entry: 15-min candle close ABOVE $598.67, 15-min retest and close ABOVE $598.67
Targets: $601, $605
Stop-loss: 15-min candle close UNDER $598.67
Trade active
WINNER WINNER - $605 Calls played out PERFECTLY for a 31% ROI today. Watching for continued upside and updated new targets in my most recent post.
I trade live on Discord - discord.gg/pennybois
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.
I trade live on Discord - discord.gg/pennybois
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.