Potential reversal trade next week
This week was a brutal week for traders if you did not hedge your longs.
SPY is closing the oct 14th 2021 GAP during afterhours as I am typing this up.
I expect price to bounce around 436.74 and head up from there.
For this trade :
-Buy calls when price breaks and closes above 447.87
-Sell some at PT 1
-Sell some or ALL at PT 2
-Remember this might be a dead cat bounce so be careful when holding past PT 2
-Let the rest ride and sell when you see signs of reversing
I am holding LongSPY options
SPY is closing the oct 14th 2021 GAP during afterhours as I am typing this up.I expect price to bounce around 436.74 and head up from there.
For this trade :
-Buy calls when price breaks and closes above 447.87
-Sell some at PT 1
-Sell some or ALL at PT 2
-Remember this might be a dead cat bounce so be careful when holding past PT 2
-Let the rest ride and sell when you see signs of reversing
I am holding Long
SPY options
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.