SPDR S&P 500 ETF Trust (SPY) 2-Hour Time Frame Analysis Current
Current Market Overview
As of December 2024, the SPDR S&P 500 ETF Trust (SPY) is showing a bullish trend with the following technical indicators:
MACD: Suggests a buy signal.
RSI: Indicates a neutral signal.
Moving Averages: Both 20-day and 50-day moving averages suggest a buy signal.
Price Action: The support level is at US$600.96, and the resistance level is at US$607.46.
Options Strategy Recommendations
1. Long Call
[Stock Symbol: SPY] trade_id: g-663257
Signal: Bullish
Option Strategy: Long Call
Current Price: US$605.57
Strike Price: US$550.00
Expiry Date: 20-Dec-2024
Buy/Sell: Buy
Call/Put: Call
Premium: US$55.46
Stop loss: US$49.91
Take profit: US$61.01
Probability of Profit: 51.4%
Implied Volatility: 96.81%
Max Loss: US$-5546.00
Max Gain: ∞ (infinity)
Break-even price: US$605.46
Days to Expiration: 2
Rationale: This strategy is designed to capitalize on a bullish outlook for SPY, with a high probability of profit and a defined risk-reward profile.
Conclusion
The SPY is currently in a consolidation phase, and the recommended options strategy provides an opportunity to capitalize on potential bullish market movements. The Long Call offers a high probability of profit with defined risk, allowing for profit from significant price movements in the upward direction.
As of December 2024, the SPDR S&P 500 ETF Trust (SPY) is showing a bullish trend with the following technical indicators:
MACD: Suggests a buy signal.
RSI: Indicates a neutral signal.
Moving Averages: Both 20-day and 50-day moving averages suggest a buy signal.
Price Action: The support level is at US$600.96, and the resistance level is at US$607.46.
Options Strategy Recommendations
1. Long Call
[Stock Symbol: SPY] trade_id: g-663257
Signal: Bullish
Option Strategy: Long Call
Current Price: US$605.57
Strike Price: US$550.00
Expiry Date: 20-Dec-2024
Buy/Sell: Buy
Call/Put: Call
Premium: US$55.46
Stop loss: US$49.91
Take profit: US$61.01
Probability of Profit: 51.4%
Implied Volatility: 96.81%
Max Loss: US$-5546.00
Max Gain: ∞ (infinity)
Break-even price: US$605.46
Days to Expiration: 2
Rationale: This strategy is designed to capitalize on a bullish outlook for SPY, with a high probability of profit and a defined risk-reward profile.
Conclusion
The SPY is currently in a consolidation phase, and the recommended options strategy provides an opportunity to capitalize on potential bullish market movements. The Long Call offers a high probability of profit with defined risk, allowing for profit from significant price movements in the upward direction.
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.