SPDR S&P 500 ETF Trust

SPY Options: Bull & Bear (Week of December 16)

94
SPY
Short-term we are looking at a downside trade as we want RSI to cool off a bit. Key levels at $607 and our key pivot of $604.25 last week.

📜 $604 Put 12/31
Entry: Rejection and 15-min close UNDER $607, entry off retest of resistance
🎯 Targets: $604.25, $603.37

📜 $608 Call 12/31
Entry: Breakout and 15 min close OVER $607, entry off retest of support
🎯 Targets: $608, $608.50

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