We are back after another banger week for SPY options. Last week's $605 Call 12/9 ran for 31.4%. This is how we are prepared for both sides!
📜 $604 CALL 12/16
Entry: Retest of $603.37 and 15-min close OVER
Target: $604, $605
Stop-loss: 15-min close UNDER $603.37
📜 $600 PUT 12/16
Entry: Breakdown and 15-min close UNDER $603.37
Target: $601.25, $598
Stop-loss: 15-min close OVER $603.37
SPY
📜 $604 CALL 12/16
Entry: Retest of $603.37 and 15-min close OVER
Target: $604, $605
Stop-loss: 15-min close UNDER $603.37
📜 $600 PUT 12/16
Entry: Breakdown and 15-min close UNDER $603.37
Target: $601.25, $598
Stop-loss: 15-min close OVER $603.37
SPY Trade active
📜 SPY | $604 Call 12/9Beautiful breakout with a retest confirmation the afternoon after this trade idea was posted. We stairstepped our way up past both targets up to $609. Here was the profit potential as a day trade and short-swing.
Day trade:
$445 -> $487
+$42 | +9.4%
Swing:
$445 -> $700
+$255 | + 57%
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.