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 down, SPY-5.70. Today signal rebound after drop to low, still a bear signal may not finish at high or hold up to close the day. I will look SPY to come down to 682.50-681.50. Shall rebound to 689 – 692. may not hold up to close. 682>>>> 692. Strong rebound if signal not lie, 2 day ago I saw SPY would down to 681. Just delate 2 days.
Trade for today will go long it after market open and drop, take profit at 689 +. risk to 692. If no rebound, may hold over for swing trade. # are estimate, it may open in the low and go straight up, recent it do this either bearish or bullish , very fast. alert it open high , better wait it settle down.
Good luck.