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 you option would decay it value fast if it not go up or down, day trading is what we do now. Take profit accordingly, trades are not a investment advice, consult your financial advisor for buying any stock.
8_13-2013 8:10 am. Futures is down, SPY-.80, This signal original is bearish, and I see lot of selling, but can be fake one today. It’s selling signal can mean early selling down a lot, but see a rebounce go high if open go down then bounce. See how it open after market open, I would like to see SPY to come down to 444-443.50, should hold up here will rebounce go higher break 446.50 will go up to 448. As I writing my post, seems like that way open come down then go bounce high.
Trade for today. buy SPY 445 call at low, sell 448. assume it open drop to the low. cut if breakdown 443.50 may buy it again at low. I would not short it if bounce over 446. Even this signaling bearish and mean will be closed at the low. If fake bear, will closed the day at the high.
META low 330-329 >> high 307
AAPL low 177. high 179.50
All trade is assume open drop to low and for bounce higher, take profit accordingly. cut if wrong. This finish signaling either at high or low.
Good luck.