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.
10-16 8 : 00 am CT Futures up, SPY + 1.50, @ 349, nice run from Yesterday, hope you buy back call late day to hold over.
Let do it again today. Signal is bullish under normal function, but I would caution, SPY should come down to 348, if break 348 will go down to 347- 346. High 349.50 -350, break out will will be 352. Careful Friday late day sell off maybe.
Trade for today be patience wait it settle low or high.
Buy SPY 348 call after open drop back 348 to 247.50-347, expire 10/23, take profit accordingly @ 349.50-350, risk to 352.
I suggest you buy back late day or after hours to hold over if SPY close g up green.
FB low 266.50-266, high 269. Buy 267.50 call next weekly.
AAPL low 120.75, high 122.50. Buy @ low, next weekly.
Good luck and have a good weekend.