2nd SPY Tradeof the Day
We have a pretty good daily oversold set up here with a hard drop below the low of the day. This market could make a bounce rally off this low.
Taking a new trade"
SPY 8/25/2023 $445 Call @ $.58
Looking for the hard bounce from oversold.
Taking a new trade"
SPY 8/25/2023 $445 Call @ $.58Looking for the hard bounce from oversold.
Catatan
The market acts like it wants to roll over. but there is strong support at $436.50We're staying with this trade for a bounce. Offered on the ask @ $.69
Catatan
The market looks weak, but I fully expect a short rally from these levels. averagd down on this trrade with a new basis @ $.51. I'm going to offer this out on the ask at $.59Catatan
The market is looking weak, so I'm going to take a small win here. I'm out of the trade at $.54. That is about a 5% win. Better safe than sorry...
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