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.
8:10, futures flat. Signaling indicate bullish. I would see SPY open to drop to 418-417, break down will down to 415-414, will bounced up to 424-425. breakout to 427. Also this mean will stay high after bounce up go green, go to last minutes is the high, bullish.
Watch 422, if open run up and stop here and turn back and go down again to under 419, can be a fake bullish signal. may stay RED to finish the day @ low. Keep this in mind for risk mange, not a trade, I’m for what signal indicate is a bullish day after open low go low then bounced up go high, cut if fake.
Very tricky open, so trade is buy the dip. I have 2 set of range # for trade… (1) low 417, high 427. (2) low 415-414, high 424-425. be patience.
Buy SPY 420 call after open drop to 417, sell 427, or 415-414, sell 425.
Or if open high over 419.50 go high to 422-423, may try to short it for scalp down to 418.
FB low 186, high 196
AAPL 158, high 162
Again, if open low sart drop lower, will bounced go high, bullish. Signaling finish the day @ high last minutes if I’m correct is bullish, or lower to finish is bearish. So you know how to risk manage.
Happy trading and good luck.