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.
8:1 am. Future is down, SPY-2. Today signal is bearish and sometime mean range bounce, bear range bounce up and down,I see no sell orders.We just hover around in the range and wait for tomorrow CPI then will make big move.
So I would like to see SPY to go down to 508-507.50 low, bounce up to high 511.25. Bounce up and down in 508-511.
Trade for today, watch the open, see how it run after market open, drop to 508, buy SPY ITM 508 call, take profit at 511.
Vise-versa if open run up to 511+ buy SPY 512 put, take profit accordingly at 509-508.
Bearish but not the one that mean will finish the day at the low, so best for scalp it today, take profit.
META low 496. high 505.
AAPL low 170.50 , high 173.
Al my # is estimate.
Final>> bearish signaling, may not a very bearish. The lower it can go is 507.50 I think. Short it after market open run up to my high # 511+. cut if break out 511.70. May short again if it run up to 512.35. Should finish the day RED. All trades is intent for day trading, fast money.
Good luck.