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.
8:10 am US futures down SPY-4.70 @ 423.10, signal I see is bearish , but will turn bullish and go green stay high to finish the day. So I would look for SPY open to pull down to 422, maybe 420, will bounce go up to 429 if break 425. This is what I see and signal mean.
Watch careful if run up stop @ 425 then pull back down again and breakdown early low (when start bounce up #) will be very bearish, may down to 417- because original signaling is bearish. this signal either will go high or stay low late day. I see it will go high but alway alert can be wrong.
So trade for today watch open how it run, very trick.
Buy SPY 424 call after open pull down to 422-, may take quick profit @ 425, or wait to see breakout to 429. cut if back down again and breakdown early low.
FB low 201. high 209.
AAPL low 156, high 164.
Again, this signaling original is bearish, so trade with careful, even I see it can turn bullish. Should you short it? You may try @ 425 if open run high not down to 422- then fall, cut if breakout 426.
Good luck.