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 don’t against it.
8:10 am. US futures up, SPY+ 4. This signal is the same like last 3 days, with a weak bull and a big sell signal. I expect SPY to come down to 673 +-, will bounce up to 682-683, depend how it open. high 683 >> 673. may finish at 680.
Trade for today, go long if open low go low, seems will open high 681+, may go short it and cover at accordingly at 674-73. long it use option expire 3 days.Seems likely will bounce to 682 if open low go low. hhgh will not hold up 683. My # is estimate, careful if short, may stop 677 and bounce and go high, breakout 683 can be crazy to 688-89. But this sell signal is big like last 3 days, so be patience, let it settle the low. Break 673 may go to 671. So option best use 3 days. Worse down to 671. crazy high 689/ 677>>> 689. or 682>>> 672. seems like will be the later / looks will be close at 680 high. Bc it is a bull signal.
Good luck.
Good luck.