$MES1! Charting to Purchase $SPY 1-DTE Call Option, 15-min TF
Contract: 
SPY 27 FEB 25 598c
Entry: $2.03 on 1:09pm
Exit: $1.26 on 1:58pm (-$77, -38%)
So after seeing price decrease 0.75%, 45 pints, 179 pips in 2 hours from $6,023.75 to $5,980 (support area), I decided to purchase a call expiring today on Feb 27, 2025.
On the 15min and 5min I noticed price bounced around the $5,980 area and thought price would reverse to the upside.
1) Yesterday on Feb 26 @ 1:09pm, I enteredSPY 27 FEB 25 598c @$2.03 because of the drop and potential reversal.
On the 5min:
- candle had made a higher low
- became an inside (1) candle #thestrat
- began consolidating & hit support around 5,980.
2) When placing my stop loss, I mistakenly set up my option call to sell whenSPY (the stock) touched or went above $3.05 instead of programming the option call to sell when the specific option call (SPY 27 FEB 25 598c) touched or went above $3.05.
You live and you learn.
On to the next play.
SPY 27 FEB 25 598cEntry: $2.03 on 1:09pm
Exit: $1.26 on 1:58pm (-$77, -38%)
So after seeing price decrease 0.75%, 45 pints, 179 pips in 2 hours from $6,023.75 to $5,980 (support area), I decided to purchase a call expiring today on Feb 27, 2025.
On the 15min and 5min I noticed price bounced around the $5,980 area and thought price would reverse to the upside.
1) Yesterday on Feb 26 @ 1:09pm, I entered
SPY 27 FEB 25 598c @$2.03 because of the drop and potential reversal.On the 5min:
- candle had made a higher low
- became an inside (1) candle #thestrat
- began consolidating & hit support around 5,980.
2) When placing my stop loss, I mistakenly set up my option call to sell when
SPY (the stock) touched or went above $3.05 instead of programming the option call to sell when the specific option call (SPY 27 FEB 25 598c) touched or went above $3.05.You live and you learn.
On to the next play.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.