Tag Archives: SPY

SPY daily sell fails…

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The SPY triggered the daily sell yesterday only to gap up above the entire area overnight.  This failure is a very powerful signal that the market is heading higher. SPY Daily 12292015 Click on chart for a larger view Here … Continue reading

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ES and SPY price action for Monday…

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  The ES has failed several times to go higher and has formed an M top on the 60 minute chart.  We have a nice void below to the 2031 level first stop on the 60 minute chart and the … Continue reading

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Current Options Positions

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  I’m sorry that I’ve not posted in awhile.  My trading has been transitioning from a directional trader to more of a position options trader.  I’m finding that I’m more consistent trading options vs. equity trading.  Here are my current … Continue reading

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Spy put credit spread

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  After the large sell off overnight I wanted to share my most recent option play with you.  Options have become my bread and butter plays as of late, I just need to share more plays here which I plan … Continue reading

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Nice short play in SPY but a little rusty on the management…

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  I did not get the first drop in the SPY this morning but I was going to be all over the next setup which triggered just after the 11:15 am reversal time.  I had the trigger that I took … Continue reading

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Bought SPY Put 207.5/207

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spy option 06172015 I just picked up this SPY Put debit spread for .26 cents expiring July 31st.  Currently SPY is at 27% IV rank which is not good for credit spreads and I do have a lower target for … Continue reading

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