Hello all, hope everything is well. This week I’m looking at the SPY and looking to grow capital invested by 3-5 percent per trade with 92% - 95% percent probability of profit.
-Current price is: $382.88
-VIX is at: 21.90
-Credit spread sell strike: $370 Exp 1/27 and $367 Exp 1/29
-Is price trading above 50 day SMA on the 4 -hour, daily, and weekly chart?: Yes
-Is price trading above 200 day SMA on the 4-hour, daily, and weekly chart?: Yes
-Percent OTM if held to DOE upon entering, is: 93% - 95% of being OTM if held to DOE
-Technical analysis: With just reaching all-time highs I expect to see a pullback early to mid-week. Looking at the 4-hour chart we see that the $374-$378 price zone has been a key zone for SPY in the previous week. I’d like to see the price come back down to that zone and look to sell a put credit spread with $10-$13 away from our sell strick or 92-95 percent probability of profit if held to the day of expiration.
-Current price is: $382.88
-VIX is at: 21.90
-Credit spread sell strike: $370 Exp 1/27 and $367 Exp 1/29
-Is price trading above 50 day SMA on the 4 -hour, daily, and weekly chart?: Yes
-Is price trading above 200 day SMA on the 4-hour, daily, and weekly chart?: Yes
-Percent OTM if held to DOE upon entering, is: 93% - 95% of being OTM if held to DOE
-Technical analysis: With just reaching all-time highs I expect to see a pullback early to mid-week. Looking at the 4-hour chart we see that the $374-$378 price zone has been a key zone for SPY in the previous week. I’d like to see the price come back down to that zone and look to sell a put credit spread with $10-$13 away from our sell strick or 92-95 percent probability of profit if held to the day of expiration.
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.
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.