SPY has testes the $323 area multiple times in the past month and recently formed a weekly wedge that sets up for a likely breakout above $323 near close or Monday morning. Since there's almost no resistance resistance from $330-$340, it's likely that SPY have a significant gap up Monday to $330 and perhaps retest it's all time high near $340 by the end of next week.
For this play, I'm holding both the $325 strike calls expiring this Monday from ~$0.50, which will 10x if SPY breaks out up to $330 by Monday's close. I'm also holding $330 strike calls expiring next Friday from ~$0.60, which will ~15x if SPY retest it's all time high next week.
For this play, I'm holding both the $325 strike calls expiring this Monday from ~$0.50, which will 10x if SPY breaks out up to $330 by Monday's close. I'm also holding $330 strike calls expiring next Friday from ~$0.60, which will ~15x if SPY retest it's all time high next week.