$SPY Key Levels, Analysis, & Targets
$SPY Key Levels, Analysis, & Targets
Today with Vix up over 5% (up to 7, but I rolled around 5.5%) I took advantage and rolled my Long puts up to 446, and my short puts up to 430, making my strikes a little wider and setting up to collect more premium when vix goes back up.
My long strikes are still ITM (and in the bear gap), and the short strikes are a little further down.
And sell target is still 418…
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On the Put side:
When VIX goes up, roll long puts down and short puts up to collect premium.
When VIX goes down, roll short puts down and long puts up, to strengthen your position.
On the Call side:
When VIX goes down roll long calls up and short calls down to collect premium.
When VIX goes up roll long calls down and short calls up to strengthen your position.
—-
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
Today with Vix up over 5% (up to 7, but I rolled around 5.5%) I took advantage and rolled my Long puts up to 446, and my short puts up to 430, making my strikes a little wider and setting up to collect more premium when vix goes back up.
My long strikes are still ITM (and in the bear gap), and the short strikes are a little further down.
And sell target is still 418…
---
On the Put side:
When VIX goes up, roll long puts down and short puts up to collect premium.
When VIX goes down, roll short puts down and long puts up, to strengthen your position.
On the Call side:
When VIX goes down roll long calls up and short calls down to collect premium.
When VIX goes up roll long calls down and short calls up to strengthen your position.
—-
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
YouTube Channel www.youtube.com/@spyderqueentrading (Almost DAILY updates, come play)
I am not your financial advisor.
I am not your financial advisor.