11.02,2023

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.

8:10 am. Future up, SPY + 4.00. Today signaling not the one that.mean will finish at the high so expect some selling after run high. High 427.50, low 424.50, careful, I suspect it  can it breakdown to 423-421.I missed some data early. but should bounce to closed green if go down to 421.

Trade may but it after come down to 425, sell 427 for scalp. cut if break 424.50. 

Or SPY open may run high to 427.70 , short it to 425. 

Good luck.

 

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