SPY Puts 9/2/22 NFP announcemt Day
Took SPX puts from $6.10 on the red arrow and they ran all the way to about $80 each contract.
This was on 9/2/22, after announcement of the Non Farm Payroll (NFP) data, which was announced at 5:30am PST. It was as easy as you see it. Opened with a gap up, that lead to a slight pullback that did not fill the gap at first. It bounced and took out the previous days high, creating Buy side liquidity. Retail would think that the break out will continue hence buying in hopes of a move up. Price held for a while riding that high and never made a significant move above ever again. It then proceeded to dump and dumped hard, also right after Biden's speech. The targets are self explanatory. Sold some way to soon but its all good still got a nice move. #ict #thestrat #priceaction #spy #spx #puts #options
This was on 9/2/22, after announcement of the Non Farm Payroll (NFP) data, which was announced at 5:30am PST. It was as easy as you see it. Opened with a gap up, that lead to a slight pullback that did not fill the gap at first. It bounced and took out the previous days high, creating Buy side liquidity. Retail would think that the break out will continue hence buying in hopes of a move up. Price held for a while riding that high and never made a significant move above ever again. It then proceeded to dump and dumped hard, also right after Biden's speech. The targets are self explanatory. Sold some way to soon but its all good still got a nice move. #ict #thestrat #priceaction #spy #spx #puts #options
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.