$SPY Weekly Options | Bull or Bear? We got both covered!
SPY We are seeing a clear technical pullback, but nothing trend breaking. 21EMA on the weekly is our guide. We are watching $550 as our pivot this week for our options contracts. For these contracts, we will be using the 15 or 30 minute chart and candle closes for confirmation.
$555 Call 9/27
Entry: 30 minute close OVER $550
Targets: $555, $559.58
Stop-loss: 15 or 30 minute close UNDER $550
$545 PUT 9/27
Entry: Break above $550, 30 minute close UNDER
Targets: $545, $540
Stop-loss: 15 or 30 minute close OVER $550
Comment
$555 Calls absolutely RIPPED today!
Moved mountains, in minutes on the breakout.
Congrats to all those that took the trade idea!
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