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.
Stock futures jumped Tuesday morning, adding to gains after a regular-session rebound sent the S&P 500 to its highest level. crude oil prices stabilized after the prior day’s declines. /ES +83 points, SPY + 8.15 @ 273.03/
Expect bull day, SPY would hold up green to closed but not @ high. Look for SPY to come down to 270-268. High 275/ day range 268-275. hard to see how low, 275>> 270-268. range trade/ late day may pull back .
Trades for today:
Buy SPY 265 put 4/09 or 4/13 , wait after open run up to 274+ 275+/ , sell accordingly @ 270-268.
FB low 168-167, high 171.
AAPL high 271 , low 267.
BA low 156 , high 163.
gauge SPY for stocks enter put/ or call cover at SPY low. Day trading only. take profit.
Note: Today may sell off little @ last 30 minutes. Good luck