$SPY Options | Trump Week Two

SPY

Fear and panic has spread in the market, but buyers ate it up by end of day (1/27). There is a gap from December 18th up to $603-$606. $603.44 is the key pivot for bulls and $591.54 for the bears.

For our weekly options trades, we use 15 or 30 minute candle closes for confirmation and stop-loss.

$603 CALL 2/11
Entry: Breakout/Hold Over $599.92
Targets🎯: $603.44, $606

$595 PUTS 2/11
Entry: Breakdown/Rejection Under $599.92 OR $603
Targets🎯: $595, $591.54