As you know, or should know, buying options is one of the riskiest and hardest ways to profit from the market, (and statistics continue to prove this out as most option buyers lose money). though they are still a great way to make money with certain trade setups and in certain market conditions. and to be enter trade precise and take profit. Bec high IV option premium is expensive now, the longer you hold you option would decay it value fast if it not go up or down, day trading is what we do now. Take profit accordingly, Trades are not a investment advice, consult your financial advisor for buying any stock. Below are the signals for day trading, for information only.
8:10 am. Futures is up, SPY + .80. Today signal is bullish, but with sell signal usually mean down- 7. Same as yesterday, sometime this sell signal is real, some time not in to day. This signal either will finish the day at low or high, so little hard to see clear, as yesterday. I do think today sell signal is real if it open high and run up high to 695, shall back down to 687. Here what I will watch, If SPY hold 681, high will be 685-686, mean bullish. If breakdown 681, may see 687-86, as sell signal indicated down -7 points.
So 2 set # to watch, 691>>> 696 bullish. 695 high, back down break 691-90, can be bearish to 687.
trade will see how it open and run, open under 694 and quickly come down to 691, will bounce go high to 695-696. Still alert it can back off, back down early low will go down to 687. Alert it can open go straight down, long at 691, breakdown should get out. Very trick day. Signal is bullish, so stick will bullish if open drop to low. Short it if open high 693+ to 695-696. Cover accordingly 691, risk to 687.
Good luck.