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.
8:05 am. Futures down, SPY -0.40. Signal is very bearish is what I see. I would see SPY open to run up to 4760-476.50 then fall low 473 , may fall soon after open. Because it is very bearish, I would caution it may go down to 472, worse to 470.50. I would very careful, not to go long, maybe til last minutes.
So trade for today short it after run up.
Buy SPY 475 put 1/05/ @ 476.-476.50. may be the open is the high. sell accordingly to 473.
May consider lotto play SPY 474. put expire today.
FB high 345, low 340-339.
AAPL high 180.50. low 178.
Trade are example, you can make your own expire or stride tagert.
All trade should take profit, not sure will bounce up to closed, usually this is very bearish will no bounce.
Again, this is a very bearish signal, be safe.
Good luck and have a great new year 2022.