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SPDR S&P 500 ETF TRUST

SPY Options - Bull & Bear Christmas Edition

192
SPY

SPY
Trend continuation is still bullish long-term. We are using this bottom white trendline as a key pivot for these options and the larger move up or down. With these trades, we use 15-30 minutes candle CLOSES above or below support for confirmation

$610 CALL 1/6
Entry: Add at support tests off trendline
Targets: $600, $604.25, $607, All-time highs


$575 PUT 1/6
Entry: Rejection under $595 AND trendline
Targets: $583.56, $580.89, $575, $567
PennyBois
I trade live on Discord - discord.gg/pennybois
Also on:
optionstradingSPDR S&P 500 ETF (SPY) Trend 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.
optionstradingSPDR S&P 500 ETF (SPY) Trend 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.