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 the lose money fast if it not go up. Take profit, day trading is all we do now. Trades are not a investment advice, consult your financial advisor for any trade.
8:15 am. Futures up, SPY+2.20. Signal is bull, but will be trick open. Expect SPY to run up high to 448 – 449. Low 445, break down will be 443.
Trade for today, bullish, buy the dip after open drop to 445. Risk manage out if break down 445 cut and BUY back lower @ 443.
Buy SPY 446 call after open drop to 445, sell 448 -449. this I assume SPY open go low then bounced up.
SPY may open high go high then fall back. If so , SPY may stop @ 447.50 and back down , may go short it for scalp cover accordingly to 445, @ 443 may go long for swing trade.
Range 445-449. or 443-447.50 breakout to 449
/ES trade gage with =SPY # buy low, sell high.
FB low 214-213. high 219.
AAPL high 172. low 169.50.
Good luck.