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. US futures down, SPY_1.40. Today no signal indicate bull or bear, usually this is a bear when open pre market is low.Selling signal now is new, I still back test it mean. Yesterday was suspect it would go high , very high. But thought it is impossible , but result is correct. I just pick the wrong side.
Today seems the opposite of the yesterday, but still not clear with not bull , bear signaling. I do think SPY may go down to 671-670 area, breakdown to 664-663. High 678-680, breakout to 687. Normal range 671-70 >> high 680-681. breakout 687, breakdown 664.
Watch how it open and run, open above 677+ go high, should fall back go lower, If open under 677- go lower, will bounce go high. So buy low, or sell high after market settle in early session. Stay alert, today will be intensive day of strikes in Iran. Looks will go down to 663? Be safe.
Good luck.