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SPDR S&P 500 ETF TRUST
Updated

Bull & Bear into the New Year | Week 1 2025 $SPY Options

278
SPY

Last week, our $585 PUT 1/13 was a killer, producing two daytrades that ran for 50% and 132%!

Here is what we are watching for this week:

We have reclaimed bullish trend and expect consolidation within this range from $584.59 to $607.45. Last two weeks have been low volume and profit taking. We are using this bullish trendline for confirmation using 15-30 minute candle closes.

$601 Call 1/24
Entry: Retest and hold of bullish trendline
Targets 🎯: $599, $601, $603, $608

$590 Put 1/24
Entry: Breakdown and failed retest of trendline
Targets 🎯: $590, $584.59
Trade active
SPY $590 PUT 1/24/25
$550 -> $1572
+$1,022 | +185%

This week we eatin'!

Next round of SPY options coming up premarket Tuesday!
PennyBois
I trade live on Discord - discord.gg/pennybois
Also on:
optionsstrategiesoptionstradingSPDR S&P 500 ETF (SPY) spyoptionsTrend Analysis

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.
optionsstrategiesoptionstradingSPDR S&P 500 ETF (SPY) spyoptionsTrend Analysis
PennyBois
I trade live on Discord - discord.gg/pennybois
Also on:

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.