Spy
With Amazon earnings around the corner the risk is a bit higher as we don’t know how this will play out. Howverr if we are strictly looking at charts we had a rising channel on spy that broke down. We were chartinf out a head and shoulders on spy potential with high of 412.70s being a level Personally I’m going to be watching this 412.20-412.70 area as a short potential. Howver if you are nervous that Amazon beats and rockets then this play will not be for the faint of heart. We could wait till tomrorow as well and just feel it out but 413 puts in this 412-412.70 area could be a great play lerking
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Disclaimer
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.