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.
US futures down, /ES -24 points, SPY – 2.130 @ 319.55. Techs fall the most on EU restricts personal Data transfer to US.
I will look for SPY to go down to 319-+ area, will bounce up to 321.50. watch if break 321.85 will go over to 323. Now , about the signal I see is bullish, this maybe after open drop to 319 will bounce to 323. But with caution if breakt 319. , may go down to 318-. I would buy back for swing trade.
Trade for today: See how it open.
Buy SPY 321 call 7/20 @ low after open come down to 319, sell 321.50 , wait to re enter may break it to 323.
Note: this trade is assume it open drop down to 319-.It may open the other way, if so, may go for short @ high, but short much be patience to wait to settle the top and for scalp only.
FB low 236.50-236, high 241, buy 240 call next weekly. or 3/17. FB seems bullish.
AAPL low 383, high 390..
See SPY low high for enter trade for any stock.
Good luck.