If you are an options seller, this is a good opportunity to collect premium on the upside of the S&P500.
That of course means selling (writing) a call; the strike should be above the recent "price contextW, i.e. above 2080.
Choose a minimum of 6 weeks until expiration. You may also sell a call spread, e.g short the Call 2080 and long the Call 2120.
The analysis is simple MACD in standard settings 12-26-9 on a daily basis, and the recent price high. That is all.
All we want is for the SPX500 staying below 2080 for at least several weeks.
You may use the SPX options, or the E-mini S&P500 Futures Options, or the SPY Options (the latter two must be adjusted for current price relation to the base SPX500)
That of course means selling (writing) a call; the strike should be above the recent "price contextW, i.e. above 2080.
Choose a minimum of 6 weeks until expiration. You may also sell a call spread, e.g short the Call 2080 and long the Call 2120.
The analysis is simple MACD in standard settings 12-26-9 on a daily basis, and the recent price high. That is all.
All we want is for the SPX500 staying below 2080 for at least several weeks.
You may use the SPX options, or the E-mini S&P500 Futures Options, or the SPY Options (the latter two must be adjusted for current price relation to the base SPX500)