SPY Options to Kick off October
Election is less than a month away. Investors are taking profit and repositioning defensively until after the election noise. VIX over $21. We’re still just 3% off from all-time highs. The next catalysts are rate cuts, job numbers, and earnings. We expect volatility until the election noise settles.
This week, we are leaning bearish to start the week. However, the upside trade has the most room for continuation. We are using 15-30 minute candle closes for confirmation.
Best of luck!
$569 Call 10/16
Entry: 15-30 minute confirmation OVER $568
Targets: $569, $571, $574
$565 Put 10/16
Entry: 15-30 minute confirmation UNDER $568
Target: $565
SPY
Election is less than a month away. Investors are taking profit and repositioning defensively until after the election noise. VIX over $21. We’re still just 3% off from all-time highs. The next catalysts are rate cuts, job numbers, and earnings. We expect volatility until the election noise settles.
This week, we are leaning bearish to start the week. However, the upside trade has the most room for continuation. We are using 15-30 minute candle closes for confirmation.
Best of luck!
$569 Call 10/16
Entry: 15-30 minute confirmation OVER $568
Targets: $569, $571, $574
$565 Put 10/16
Entry: 15-30 minute confirmation UNDER $568
Target: $565
SPY 
I trade live on Discord - discord.gg/pennybois
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.
I trade live on Discord - discord.gg/pennybois
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.