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-7+. Today signal is mean bearish and mean will close at the low. But signaling rebound too if not fake. very confuse. I do not believe it will back up to green, I will follow the bearish signal mean first , that it mean will close at the low for the day.
So I see SPY may bounce high to 681, then fall again, as it signal mean close the day at low, so low will be last minutes before market close. In this scenario, I would see SPY high 680.50-681, down to 671 or last minutes low.. vise versa scenario may open go down to 672, then bounce up to 681, because this signal can be either close at high or low.
trade will see how it run, I mostly see it bearish, so SPY open will run up little then fall. Go short. Breakout 682 may back to 685-686, it will be crazy. I don’t see it. but breakout 682 better get out. Trump deal?
Again, this original signal is bearish and mean will finish the day at the low, low till last minutes. Short it when open high 680+.
Good luck.